In July-September, TATNEFT's IFRS net profit doubled in quarterly comparison

July-September net profit "Tatneft" according to IFRS increased 2 times in quarterly comparison In the third quarter of 2020, net profit "Tatneft" amounted to 35.745 billion rubles against 17.6 billion rubles. in the second quarter and against 58.4 billion rubles a year earlier, according to the company's report. The net profit indicator for the 3rd quarter increased more than 2 times compared to the previous quarterly period and decreased 1.6 times in annual comparison.

"Tatneft (MCX: TATN)" in the 3rd quarter received a positive FCF of 23.3 billion rubles. compared to negative in Q2.

Revenue "Tatneft" in the 3rd quarter amounted to 187.37 billion rubles (forecast - 179.349 billion rubles), in the third quarter of 2019 revenue was at the level of 241.7 billion rubles.

EBITDA in the 3rd quarter amounted to 58.367 billion rubles (forecast - 49.48 billion rubles) compared to 83.7 billion rubles in the third quarter of 2019.