PJSC Rosneft Oil Co. said its normalized net income for the fourth quarter was 4.46 Russian rubles per share, compared with the S&P Capital IQ consensus estimate of 21.18 rubles per share.
EPS increased 20.0% year over year from 3.72 rubles.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 47.25 billion rubles, an increase of 20.0% from 39.38 billion rubles in the prior-year period.
The normalized profit margin fell to 3.3% from 3.4% in the year-earlier period.
Total revenue climbed 20.9% year over year to 1.414 trillion rubles from 1.170 trillion rubles, and total operating expenses grew 20.7% on an annual basis to 1.207 trillion rubles from 1.000 trillion rubles.
Reported net income declined from the prior-year period to 52.00 billion rubles, or 4.91 rubles per share, from 53.00 billion rubles, or 5.00 rubles per share.
For the year, the company's normalized net income totaled 15.75 rubles per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 25.69 rubles.
EPS declined from 25.15 rubles in the prior year.
Normalized net income was 166.88 billion rubles, a decrease from 266.50 billion rubles in the prior year.
Full-year total revenue declined on an annual basis to 4.765 trillion rubles from 5.038 trillion rubles, and total operating expenses fell on an annual basis to 4.116 trillion rubles from 4.342 trillion rubles.
The company said reported net income decreased year over year to 181.00 billion rubles, or 17.08 rubles per share, in the full year, from 355.00 billion rubles, or 33.50 rubles per share.
As of Feb. 22, US$1 was equivalent to 57.97 Russian rubles.
