Lukoil 3Q Net Profit Rose Despite Sales Hit

Date : 11/26/2019 @ 9:43AM
Source : Dow Jones News
Stock : Pjsc Lukoil (PC) (LUKOY)
Quote : 106.66  -0.02 (-0.02%) @ 9:59PM
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Lukoil 3Q Net Profit Rose Despite Sales Hit

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3 Months : From Oct 2019 to Jan 2020

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   By Adria Calatayud 

Lukoil PJSC (LKOH.MZ) said Tuesday that net profit for the third quarter of 2019 rose 3.6%, as lower costs helped offset a sales hit from lower oil prices.

The Russian oil company said it made a net profit of 190.39 billion Russian rubles ($2.98 billion) for the quarter to Sept. 30 compared with RUB183.77 billion for the year-earlier period.

Revenue for the quarter fell to RUB1.952 trillion from RUB2.306 trillion a year before, Lukoil said.

The company said a seasonal increase in refined products sales volumes in Russia helped soften the sales blow from lower oil prices and decreasing trading volumes.


Write to Adria Calatayud at


(END) Dow Jones Newswires

November 26, 2019 04:28 ET (09:28 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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