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

November 06, 2019 07:21 AM EST | By Team Kalkine Media

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Rosneft Oil Company (ROSN) has released the financial results for 3Q and 9Ð 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 6^th 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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