Net profit of Gazprom oil for the 1 st quarter of 2009 on the US GAAP decreased by 76% to $ 335 million
Jun 22nd, 2009 | By admin | Category: Company NewsNet profit of Gazprom oil for the 1 st quarter of 2009 on standards US GAAP was $ 335 million, compared with a net loss of $ 543 million in the 4 th quarter of 2008 and decreased by 76% compared with net profit of $ 1 441mln for 1 quarter 2008.
In the 1 quarter of 2009, the company earnings fell to $ 4 185 million, an increase of 16% less than 4 quarters of 2008 ($ 4 988 million) and 48% below the results of the same period in 2008 ($ 8 045 million )
EBITDA is in the 1 quarter of 2009 totaled $ 942 million which is 361% higher than the level of 4 quarters of 2008 ($ 204 million) and below the 54% rate for the 1 st quarter of 2008.
Improving basic financial performance in the 1 quarter of 2009 compared to the 4 th quarter of 2008 due mainly to the reduction in taxes, the stabilization of oil prices and oil and the weakening of the ruble to the dollar.
adverse effect on the financial results of the first quarter of 2009 compared to same period in 2008, had a decline in average prices for crude oil and petroleum products, inflation, transport fares and cost of energy, reducing demand on the domestic market , - says the report company.
Key financial indicators of OJSC Gazprom oil:
| ; | 1 kv.2009 | 4 square. 2008 | Edit-e | 1 kv.2008 | Edit-e |
|---|---|---|---|---|---|
| Revenue , U.S. $ million | 4 185 | 4 988 | -16,1% | 8045 | -47,9% |
| EBITDA *, mln U.S. $ | 942 | 204 | 361% | 2 026 | -53% |
| adjusted. EBITDA **, U.S. $ million | 945 | 409 | 131,1% | 2195 | -56% |
| operations. cash flow, U.S. $ million | 665 | 847 | -21,5% | 1008 | -34% |
| Net profit U.S. $ million | 335 | -543 | N /A | 1 411 | - 76,2% |
| Margin adjusted. EBITDA,% | 23% | 8% | 14,4 PM | 27% | -4,7 PM |
| Return on net profit,% | 8% | N /A | N /A | 18% | -10 PM |
| Adjusted. EBITDA /bbl, U.S. $ /bbl | 11,74 | 4,88 | 140,6% | 26,4 | -55,6% |
| Net profit /bbl, U.S. $ .SSHA /bbl | 6,23 | N /A | N /A | 24,2 | - 74,3% |
* EBITDA is defined as income before income tax, interest, amortization, minority interest, currency, and other expenses.
** Adjusted EBITDA includes the share of JSC Gazprom Neft in EBITDA associates (Tomskneft, Slavneft)
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