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55

Lukoil's profit drastically falls

LUKoil’s net income fell 23 percent last year to $7 billion.

 

 

LUKoil’s net income fell 23 percent last year to $7 billion, chief executive Vagit Alekperov said Monday. 

 

This year “will definitely be a better year,” Alekperov said. “Net profit in 2009, a time of crisis, a year of crisis, was around $7 billion. That’s satisfactory. It allows us to invest in the unique projects we started last year.” 

Source : Bloomberg