Tatneft 1Q Net Profit, Revenue Rose
June 04 2021 - 3:41AM
Dow Jones News
By Matteo Castia
Tatneft PJSC said Friday that net profit and revenue for the
first quarter of 2021 rose from the previous quarter.
The Russian oil-and-gas company reported a quarterly net profit
of 43.59 billion Russian rubles ($595.2 million), compared with
RUB24.89 billion in the fourth quarter of 2020.
Revenue rose to RUB257.83 billion from RUB198.74 billion the
prior quarter.
Tatneft produced 6.5 million metric tons of crude oil in the
first quarter, unchanged from the fourth quarter of last year, and
196.8 million cubic meters of gas, slightly below the previous
quarter's output of 199.2 million cubic meters of gas.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
June 04, 2021 03:39 ET (07:39 GMT)
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