PJSC Gazprom Neft said its normalized net income for the second quarter was 7.97 Russian rubles per share, an increase from 7.62 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 37.60 billion rubles, a gain from 35.99 billion rubles in the prior-year period.
The normalized profit margin fell to 8.5% from 9.7% in the year-earlier period.
Total revenue grew 18.7% year over year to 441.19 billion rubles from 371.72 billion rubles, and total operating expenses increased 15.6% year over year to 369.29 billion rubles from 319.40 billion rubles.
Reported net income totaled 49.32 billion rubles, or 10.45 rubles per share, compared with 48.85 billion rubles, or 10.35 rubles per share, in the year-earlier period.
As of Aug. 10, US$1 was equivalent to 59.84 Russian rubles.
