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Gazprom Neft reports 26 percent year-on-year increase in net profit for 2017

Company publishes preliminary consolidated financial accounts (IFRS) for the 12 months ended 31 December 2017 Anticipated net profit for 2017 — RUB253 billion, up 26.5 percent year-on-year. Anticipated adjusted EBITDA* for 2017 — RUB551 billion, up 20.8 percent year-on-year. Anticipated free cash flow (FCF) for 12 months of 2017 — RUB65 billion. Gazprom Neft today publishes preliminary consolidated IFRS financial statements for the 12 months ended 31 December 2017. Company revenue including duties...

6 February 2018
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Gazprom Neft improves debt portfolio performance in 2017

The Gazprom Neft Board of Directors has reviewed information on the structuring and management of the company’s debt portfolio throughout 2017, as well as proposals for optimising this in 2018. Engaging in a financial borrowing programme throughout 2017, and using the most viable instruments available in implementing this, saw the company improve the performance of its debt portfolio, reducing its net debt/EBITDA ratio year on year and optimising financing costs across all currencies. In order...

26 January 2018
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Gazprom Neft completes RUB10 billion placement of exchange-traded bonds with the lowest coupon rate on the Russian market to date

12 December — Gazprom Neft (rated AAA-RU by the Analytical Credit Rating Agency (ACRA)) has successfully closed the bookbuilding for its 001P-04R-series exchange-traded bonds, with a total nominal value of RUB10 billion, a maturity of seven years, and a semi-annual coupon period. The company plans to secure a rating for its latest bond issue from the ACRA. High demand for the placement from all main categories of market investors, including 29 orders from various accounts, together with a more than...

13 December 2017
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Gazprom Neft reports profit growth of more than 28 percent year-on-year in the first nine months of 2017

Gazprom Neft today publishes consolidated financial accounts (IFRS) for Q3 2017 and the nine months ended 30 September 2017. Net profit of RUB189 billion for the first nine months of 2017 — an increase of 28.2 percent year-on-year, driven by effective management initiatives and organic growth. Adjusted EBITDA* up 22.9 percent year-on-year for the first nine months of 2017, at RUB399 billion. Free cash flow (FCF) of RUB83 billion for the first nine months of 2017. In the first nine months of 2017...

15 November 2017
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Gazprom Neft successfully completes RUB25 billion placement of 001P-03R-series exchange-traded bonds with a 7.85-percent coupon rate

16 October — Gazprom Neft (rated AAA-RU by the Analytical Credit Rating Agency (ACRA)) has successfully closed the book building for its 001R-03R-series exchange-traded bonds, with a total nominal value of RUB25 billion, a maturity of five years, and a semi-annual coupon period. The company plans to secure a rating for its latest bond issue from the ACRA. High demand for the offering from all main categories of market investors, together with 55 applications from various accounts and a more than...

17 October 2017
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Gazprom Neft registers short-term exchange traded bond programme on the Moscow Exchange

A programme of Gazprom Neft short-term exchange-traded bonds (series 002P, total volume RUB50 billion, assigned number 4-00146-A-002Z-02E) has been registered on the Moscow Exchange. The maximum maturity of the bonds under this programme is 30 years, with the bonds available for placement for a period of up to one year. A programme for the annual issuance of bonds in the order of up to RUB50 billion was approved by the Gazprom Neft Board of Directors on 10 July 2017. Alexei Yankevich, Deputy CEO...

21 August 2017
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Gazprom Neft reports 23% year-on-year increase in net income for H1 2017

Adjusted EBITDA grew by 20.8% year-on-year to RUB 246 bn, supported by the successful development of new projects, recovery in crude oil and petroleum products prices and management efficiency initiatives. Gazprom Neft (the “Company”) today publishes its consolidated IFRS financial statements for Q2 and H1 2017. Net income of RUB 111 bn for H1 2017, a year-on-year increase of 23.1%, driven by organic growth and management efficiency initiatives Adjusted EBITDA* of RUB 246 bn for H1 2017, an increase...

10 August 2017
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Gazprom Neft successfully completes RUB15 billion placement of exchange-traded bonds, with record low coupon rate

Gazprom Neft has successfully completed the placement of its series 001P-02R exchange-traded bonds, with a nominal value of RUB15 billion, and a maturity of seven years. The coupon rate is set at 8.25% per annum, and the coupon period at six months. Gazprom Neft has successfully closed the book-building of its series 001P-02R exchange-traded bonds, with a nominal value of RUB15 billion, and a maturity of seven years. Gazprom Neft has closed the book with a coupon rate of 8.25%, and a semi-annual...

8 August 2017
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Gazprom Neft given direct Access to the Moscow Exchange (MOEX) Money Market

Gazprom Neft has been given direct access to the Moscow Exchange (MOEX) Money Market via a central counterparty (CCP). The company successfully conducted its first transaction — the placement of a Ruble deposit — on MOEX through a CCP, the National Clearing Centre, on 4 August 2017. Alexei Yankevich, Deputy CEO for Economics and Finance, Gazprom Neft, commented: “Gazprom Neft was the first among the players in the Russian oil industry to be given direct access to the MOEX Money Market. We see the...

8 August 2017
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Gazprom Neft reports record net income for Q1 2017

Net income of RUB 62 bn, a year-on-year increase of 49.1%, driven by strong organic growth and management efficiency initiatives. Gazprom Neft (the “Company”) today publishes its consolidated IFRS financial statements for Q1 2017. Net income of RUB 62 bn, a year-on-year increase of 49.1%, driven by strong organic growth and management efficiency initiatives. Adjusted EBITDA* increased by 22% year-on-year to RUB 118 bn. Hydrocarbon production, inclusive of joint venture operations, grew by 4.8%...

24 May 2017
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