Lukoil's net profit up 1.5x in first half
The company's revenue for the reporting period increased by 8% to 2.06 trillion rubles (consensus - 2.1 trillion rubles), and EBITDA amounted to 815.3 billion rubles (consensus - 782 billion rubles).
Consensus
- Lukoil's net profit according to IFRS in the first half of the year was 430.9 billion rubles.
- This represents a 1.5 times increase compared to the same period last year.
- Revenue for the first half of the year increased by 8% to 2.06 trilion rubles.
- EBITDA for the first half of the year reached 815.3 billion rubles.
- Lukoil is one of the largest vertically integrated oil and gas companies in the world.
- Lukoil accounts for more than 2% of global energy resource production.
Points of divergence
- The consensus forecast from analysts, compiled by Interfax, expected net profit at 418 billion rubles, with Finam closest at 431 billion rubles. — interfax
- The consensus forecast for revenue was 2.1 trillion rubles, and for EBITDA was 782 billion rubles. — interfax
- Capital expenditures decreased by 38.2% to 239.1 billion rubles. — kommersant
Coverage (2 sources)
- LUKOIL's net profit according to IFRS grew by 1.5 times in the first half of the year — Коммерсантъ
- Net profit of Lukoil under IFRS in H1 grew 1.5 times y/y — Интерфакс