PJSC Gazprom Neft said its second-quarter normalized net income came to 9.45 Russian rubles per share, compared with the S&P Capital IQ consensus estimate of 11.67 rubles per share.
EPS climbed 14.6% year over year from 8.24 rubles.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 44.56 billion rubles, a gain of 14.6% from 38.89 billion rubles in the year-earlier period.
The normalized profit margin rose to 14.1% from 10.6% in the year-earlier period.
Total revenue grew 5.0% year over year to 386.85 billion rubles from 368.42 billion rubles, and total operating expenses grew 6.2% from the prior-year period to 327.91 billion rubles from 308.80 billion rubles.
Reported net income increased 47.1% on an annual basis to 73.22 billion rubles, or 15.52 rubles per share, from 49.77 billion rubles, or 10.55 rubles per share.
As of Aug. 13, US$1 was equivalent to 64.95 Russian rubles.
