Lukoil's IFRS Net Profit In 2018 Up 47.8% To $9.4Bln - Report

Lukoil's IFRS Net Profit in 2018 Up 47.8% to $9.4Bln - Report

Russian oil company Lukoil's net profit attributable to shareholders calculated to the International Financial Reporting Standards (IFRS) in 2018 grew 47.8 percent year on year to 619.2 billion rubles ($9.4bln), the company said in a statement Monday

MOSCOW (Pakistan Point News / Sputnik - 04th March, 2019) Russian oil company Lukoil's net profit attributable to shareholders calculated to the International Financial Reporting Standards (IFRS) in 2018 grew 47.8 percent year on year to 619.2 billion rubles ($9.4bln), the company said in a statement Monday.

"In 2018, profit attributable to shareholders amounted to RUB 619.2 bln, 47.8% higher year-on-year. The growth was constrained by higher DD&A due to the launch of new production facilities," Lukoil said.