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Company News, Business, Economy, Energy

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

Rosneft 2022 profit at $10.5bn

Rosneft annual profit in 2022 fell down 7.9 percent from 2021. (AFP)
By TRENDS Desk AFP
March 20, 2023 11:02 pm
  • Western powers have imposed sanctions against Russia due to the Ukraine war.
  • Rosneft said that the profit level forms a solid basis for paying dividends.

MOSCOW, RUSSIA – Russian state oil giant Rosneft posted a drop in its annual profit on Monday in the wake of Western sanctions against the country.

The company announced a net profit of US$10.5 billion (813 billion roubles) for last year, down 7.9 percent from 2021.

Rosneft said “non-monetary factors played a large role in determining the dynamics” of its earnings.

It added the profit level “forms a solid basis” for paying dividends.

Western powers have imposed a raft of sanctions against Russia over the conflict in Ukraine, including a price cap on its crude at the end of 2022.

In 2021, Rosneft set its record net profit of US$11.4 billion.

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