Rosneft Oil Company Reports 25% Surge In Net income For The Period 9M 2019

  • Nov 06, 2019 GMT
  • Team Kalkine
  • Rosneft Oil Company (ROSN) has released the financial results for 3Q and 9М 2019.
  • The company reported that Net income for the period 9M 2019 surged by 25 per cent YoY to RUB 550 billion. Net income included a QoQ growth to RUB 225 billion in 3Q 2019.
  • The third quarter EBITDA increased by 7.6 per cent QoQ to RUB 554 billion with margin improvement of 24.4 per cent.
  • The company also reported an FCF growth of more than 2 times (QoQ) in 3Q 2019 to RUB 281 billion
  • On 6th November 2019, at the time of writing, GMT 11:45 AM, ROSN shares were trading at USD 7.07, up by 0.002 points or 0.03 per cent against the previous day closing price.

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