Net income attributable to LUKOIL decreased by 58.9%
OREANDA-NEWS. In the first half of 2015, sales revenues by the Group LUKOIL were USD 51,294 million (-30.6% y-o-y). Net income attributable to LUKOIL decreased by 58.9% y-o-y to USD 1,695 million.
EBITDA (earnings before interest, taxation, depreciation and amortization) decreased by 32.4% y-o-y to USD 6,379 million. In the first half of 2015, our financial results were affected by a sharp decrease in the hydrocarbon prices and non-cash write-off in the amount of USD 324 million.
In the first half of 2015, our capital expenditures, including non-cash transactions, decreased by 31.1% to USD 5,320 million mostly due to ruble devaluation.
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