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
PJSC Lukoil share price Chart
After Hours
Last Trade
Last $ 106.53 ▼ -0.13 (-0.13%)

Lukoil 3Q Net Profit Rose Despite Sales Hit

PJSC Lukoil (USOTC:LUKOY)
Historical Stock Chart

3 Months : From Oct 2019 to Jan 2020

Click Here for more PJSC Lukoil Charts.
   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 adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

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

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

Latest LUKOY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200126 09:52:58