Rosneft takes a hit

摘要

It was a choppy week on Russia’s RTS index, which dipped sharply in the early part of the week before recover- ing to close little changed at 870 points, broadly tracking crude prices. Rosneft’s financial results for 2015 show profit falling by 34.4pc to $6.1bn in dollar terms, but rising by 2pc to Rbs355bn ($5.2bn) in rouble terms. Revenue dropped by 40.8pc to $86.9bn, and earnings before interest, taxes, depreciation and amortisation (ebitda) fell by 28.3pc to $20.8bn. The average price of Urals was down by 47.3pc at $51.40/bl in 2015, although in rouble terms it fell by 16.3pc to Rbs3,140/bl.