07/03/2013 09:10:00

Lukoil Fourth-Quarter Net Profit Nearly Doubles

Related content

By James Marson

MOSCOW--OAO Lukoil Holdings (LKOH.RS), Russia's No. 2 crude oil producer, said Thursday its net profit for the final three months of 2012 nearly doubled compared with the same period the previous year, when it was hit by a nearly $1 billion write-off.

Lukoil said net profit for the period totaled $2.69 billion, compared with $1.35 billion in 2011. That was slightly below a forecast of $2.72 billion from a Dow Jones Newswires survey of five analysts.

The company didn't provide a breakdown of fourth-quarter results, but said revenue for the full year increased 4.1% to $139.2 billion from $133.7 billion, on the back of higher oil prices. Earnings before interest, taxation, depreciation and amortization, or Ebitda, rose 1.7% to $18.9 billion from $18.6 billion. Net profit for the year was up 6.2% on 2011 at $11.0 billion.

Lukoil will host a presentation later Thursday, where analysts say they are looking for information on the company's progress on stabilizing production and plans for international projects, such as West Qurna-2 in Iraq.

Write to James Marson at james.marson@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

March 07, 2013 04:10 ET (09:10 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Mothercare Plc : Total voting rights

03/05/2016 15:38:45
3 May 2016 Mothercare plc - Voting Rights and Share Capital In conformity with the Transparency Directive's ongoing disclosure provisions for issuers..

Alliance Trust PLC : Net Asset Value(s)

03/05/2016 12:42:41
ALLIANCE TRUST PLC At the close of business on Friday 29 April 2016, the unaudited net asset value per ordinary share of 2.5p, valued on a bid price ba..

Man Group PLC : Form 8.3 - Sainsbury (J) plc

03/05/2016 10:05:01
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
LIVANOVA PLC (the "Company")
2
Emerge Energy Services LP Provides Update on Cash Distributions and Announces Date for Earnings Release
3
Westar Energy Announces 1st Quarter 2016 Results.
4
DSM provides update on Nutrition organization to support growth
5
COVERED WARRANTS LISTING ON 4.5.2016

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
04 May 2016 05:07:45
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160502.2 - EUROWEB6 - 2016-05-04 06:07:45 - 2016-05-04 05:07:45 - 1000 - Website: OKAY