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Tatneft announces about increased RAS net profit for 6 months of 2021, up 232.42% YoY. Total revenue’s increase is 45.13%

August 6, 2021 Cbonds
Tatneft publishes the financial statements for 6 months of 2021 prepared according to the Russian accounting standards (RAS).

Tatneft revenue for 6 months of 2021 is equal to RUB 498.96 billion, while for 6 months of 2020 it amounted to RUB 343.8 billion.

Net profit in the reference period amounted to RUB 76.87 billion compared to RUB 23.12 billion for 6 months of 2020.

According to the accounting statements of Tatneft, total assets’ increase is 18.67% YoY. Non-current assets of Tatneft are equal to RUB 389.44 billion. Current assets increased by 44.62% to RUB 557.5 billion. Capital and reserves increased by 14.9% to RUB 682.37 billion.

Long-term liabilities’ decrease is 16.76% YoY. Current liabilities’ increase is 56.44% YoY.
Company — Tatneft
  • Full name
    Tatneft public joint stock company
  • Registration country
    Russia
  • Industry
    Oil and Gas Extraction and Refining