Saturday, February 27, 2016

The 2015th profit of NOVATEK, relating to the co-owners, grew up doubled – to 74.4 billion rubles. – RYBINSKonLine

According to the report, during this year, “Novatek” provided “Yamal LNG” “cash in the amount of 104.076 billion rubles. (€ 1,423 billion) in the framework of credit lines ».

NOVATEK summarized the results for 2015 revenue growth the company connects a record increase in sales volume of liquid hydrocarbons, increase in prices of gas sales, but also an increase in net selling prices of liquid hydrocarbons in ruble terms due to the increase in the average US dollar exchange rate against the ruble and reduction of export duties.

Long-term financial liabilities “Yamal LNG” in 2015 increased by 2.8 times in comparison with the previous year and amounted to 753.099 billion rubles., says the report “Novatek” (major shareholder) in accordance with IFRS.

The “Terneftegaz” the company in 2015 has not invested (in 2014 investments amounted to 4.322 billion rubles) due to the excess of accumulated since the acquisition of the loss of the company over shares in the group.

Significant growth in EBITDA is related to including an increase in the total volume of disposal of liquid hydrocarbons, but also with an increase in sales volumes of processed products with high added value produced at the complex in Ust-Luga.

in the past the 2015th as a result of growth of the operational flow of the currency by 19.4% and reducing the amount of cash used for capital investments by 18.5%, free cash flow increased by 67.2% in 2014 and reached 82.3 billion rubles.

The sales volume of liquid hydrocarbons in 2015 amounted to about a record 12.9 million. tons, an increase of 81.8% in compared with the previous year.

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