ROSNEFT: NET INCOME UP BY 3.4 TIMES
ROSNEFT - Financial results for 3Q 2018 and 9M 2018
- 3Q 2018 EBITDA growth by 13.8% QoQ up to RUB 643 bln, 9M 2018 EBITDA growth by 1.6 times YoY up to RUB 1,593 bln with margins improvement
- 9M 2018 Net Income jumped by 3.4 times YoY up to RUB 451 bln
- Free Cash Flow improvement in 3Q 2018 by more than 2 times QoQ up to
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South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.
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