Google+
Рейтинг@Mail.ru
Pravda.ru

News » Economics


LUKoil net revenues to decline

02.10.2002 | Source:

Pravda.Ru

 

The Renaissance Capital investment group forecasts a decrease in LUKoil's net revenues by 8 percent to $3.4bn in the second quarter of 2002 as compared to the similar level of the corresponding period of 2001 under US GAAP. However, the release of Renaissance Capital points out that this figure will be 20 percent more than in the first quarter of 2002. In the first half of 2002, net revenues went down by 11 percent against the first half of 2001 and reached $6.25bn. The Q2 growth of revenues was promoted by a 19-percent increase in average-weighted Brent oil rates and a 15-percent rise of oil product prices on the Russian domestic market. Renaissance Capital analysts also believe that domestic prices for crude oil gained 147 percent in the second quarter of 2002 as compared to the first quarter of 2002.

As RBC previously reported, LUKoil is planning to post its reports for the second quarter and the first half of 2002 under US GAAP on October 3.

©

&to=http://www.lukoil.com' target=_blank>LUKoil

&to=http://www.rencap.com/eng/Default.asp' target=_blank>Renaissance Capital

&to=http://www.rbc.ru' target=_blank>RBC

 

Popular photos

Most popular

Why America hectically needs to destroy Russia
Why America hectically needs to destroy Russia
America and the West want to destroy Russia for a lot of reasons; five being - to put it clearly - eschatological. America rules Europe and it wants to rule Eurasia too. The project is to miniaturize...
Russia strikes fatal blow at Caucasus Emirate
Russia strikes fatal blow at Caucasus Emirate
Starting in January 2014, Russian security forces conducted continuous counter-terror operations in the Caucasus region and especially in Daghestan, where many jamaat were eradicated and many gang...
Система Orphus