ROSNEFT NET INCOME UP BY 6.4 TIMES
ROSNEFT published Financial results for 2Q 2016
- Net income growth by x6.4 times to RUB 89 bln in 2Q 2016
- Increase in EBITDA by 27.5%, to RUB 348 bln; EBITDA margin above 27%
- Effective control of operating and SG&A costs
- Industry leadership in free cash flow generation
- Decrease in net debt by 41.4%, to USD 23.4 bln from 1H 2015
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