Compared to the same period in 2021, the net profits of the Russian energy business “Luke Oil” climbed by 2. 3 times in the first nine months of 2022. (2021).
In the first three quarters of 2022, the net profit increased to 647. 927 trillion rubles, according to the company’s financial report.
The whole amount of revenue climbed by 1. 5 times to 2. 335 trillion rubles, while the total amount of profit increased by 2. 1 times to 909. 249 billion rubles.
The extraordinary high gains are a result of the market’s rising price of black gold this year.
The largest privately owned oil business in Russia, Luke Oil, saw no change in its share price following the release of financial statements. the Moscow Stock Exchange, 78%.
Source: RT + Prime.
The Russian business “Luke Oil” increased its profits.
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