Rosneft shares up almost 2% on Moscow Exchange following financial report release

TASS Russian News Agency | Sep 15, 2022 at 10:55 AM

MOSCOW, September 15. /TASS/. The price of Rosneft shares grew by 1.9% to 382.9 rubles per share on Moscow Exchange on Thursday following the publication of its financial results for 1H 2022, according to trading data as of 10:07 am Moscow time.

As of 10:50 am Rosneft shares were in the negative territory trading at 373 rubles per share (-0.73%).

Net profit of Rosneft under the International Financial Reporting Standards (IFRS) attributable to shareholders increased by 13% in the first half of this year to 432 bln rubles ($7.21 bln), the company reported earlier on Thursday. Revenue grew by 32.5% to 5.172 trillion rubles ($86.4 bln)in the reporting period. Capital expenditures increased by 14% and amounted to 527 bln rubles ($8.8 bln). The increase was mainly due to the planned increase in investments in the Vostok Oil project, the company explained.