Tatneft's profit for 2022 under IFRS increased by 43%

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AK&M 17 March 2023 19:10

Tatneft's profit for 2022 under IFRS increased by 43% to 284.9 billion rubles from 198.88 billion rubles a year earlier. Operating profit increased by 61.8% to RUB 400.39 billion from RUB 247.35 billion. This is stated in the company's report.

Sales revenue (excluding financial services) increased by 18% to RUB 1.45 trillion from RUB 1.2 trillion. Revenue from oil exploration and production increased by 8.7% to 949.98 billion rubles from 874.1 billion rubles, revenue from oil refining and sale of petroleum products – by 37.6% to 822.98 billion rubles from 598 billion rubles.

PJSC Tatneft is one of the largest Russian vertically integrated oil companies, which dynamically develops oil and gas production, oil refining, petrochemistry, tire complex, gas station network, electric power industry, development and production of equipment for the oil and gas industry and a block of service structures. The total number of shareholders of the company as of May 29, 2022 exceeds 375 thousand .

Tatneft's net profit under IFRS in the first half of 2022 amounted to 139.2 billion rubles, which is 1.5 times more than a year earlier. Revenue increased by almost 42% to 790.8 billion rubles.