Lukoil PJSC 4Q Net Profit Fell From 3Q
March 04 2019 - 7:54AM
Dow Jones News
By Ian Walker
Lukoil PJSC (LKOH.MZ) on Monday posted a 13% fall in
fourth-quarter net profit compared with the previous quarter, on
sales that also fell due to lower prices, oil-trading volumes and
sales volumes of refined products outside Russia.
The Russian oil-and-gas company made a net profit for the
quarter ended Dec. 31 of 159 billion Russian rubles ($2.42 billion)
compared with RUB183.8 billion for the third quarter ended Sept.
30. Sales fell to RUB2.04 trillion from RUB2.31 trillion.
Capital expenditure in the fourth quarter amounted to RUB113.3
billion, Lukoil said.
It said that free cash flow rose 33% over the quarter RUB212.2
billion due to lower working capital on the back of the lower
prices for crude oil and lower trading volumes.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 04, 2019 07:39 ET (12:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
PJSC Lukoil (CE) (USOTC:LUKOY)
Historical Stock Chart
From Apr 2024 to May 2024
PJSC Lukoil (CE) (USOTC:LUKOY)
Historical Stock Chart
From May 2023 to May 2024