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Russia’s Rosneft shows H1 net income at 652 billion rbls
Global Banking & Finance Review®
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MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Tuesday its January to June net income reached 652 billion roubles ($6.90 billion).
MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Tuesday its January to June net income reached 652 billion roubles ($6.90 billion).
Its sales stood at 3.87 trillion roubles.
The company did not provide a comparison for the corresponding period in 2022.
($1 = 94.4250 roubles)
(Reporting by OLesya Astakhova and Vladimir Soldatkin; Editing by Chris Reese)
Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue. It is an important indicator of a company's profitability.
Sales refer to the total revenue generated from selling goods or services. It is a key measure of a company's performance and market demand.
The energy sector encompasses industries involved in the production and distribution of energy, including oil, gas, and renewable energy sources. It plays a crucial role in the global economy.
A financial report is a formal record of the financial activities and position of a business, organization, or individual. It provides insights into profitability, revenue, and expenses.
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