Rosneft loses its profit

The net profit of Rosneft, one of the largest Russian oil and gas companies, has dropped by 34% according to the financial report for 2015. The company's revenue has also decreased by 6.4%. The decline was caused by the incorrect tax policy, the worldwide reduction in oil prices and the Russian ruble’s fall. It’s worth noting, that the capital costs of Rosneft in 2015 have grown by 11%. To overcome the crisis, the company has decided to increase the oil and gas production.

The news has negatively impacted the Rosneft shares, which have fallen by 0.84% and still continue to decline. Do not miss this good chance to earn money on a further decrease. Remember, that trading will be available during the European session, from 7:10 to 14:30 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.