PJSC Gazprom Neft said its normalized net income for the first quarter was 6.19 Russian rubles per share, an increase from 5.93 rubles per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 29.23 billion rubles, a gain from 27.98 billion rubles in the year-earlier period.
The normalized profit margin increased to 8.9% from 8.7% in the year-earlier period.
Total revenue grew on an annual basis to 328.25 billion rubles from 320.01 billion rubles, and total operating expenses climbed 5.2% year over year to 278.63 billion rubles from 264.73 billion rubles.
Reported net income rose from the prior-year period to 39.11 billion rubles, or 8.29 rubles per share, from 37.84 billion rubles, or 8.02 rubles per share.
As of May 19, US$1 was equivalent to 49.52 Russian rubles.