Russian gas giant Gazprom's oil arm Gazprom Neft's net profit increased year on year by 48.7 percent to 376.7 billion rubles ($5.8 billion) in 2018, the company announced on Thursday.
Revenue rose by 28.7 percent last year to 2.49 trillion rubles, while earnings before interest, tax, depreciation and amortization (EBITDA) grew by 45.1 percent to 799.5 billion rubles, the company said.
'This increase reflects positive dynamics of the oil price, improvements in operational efficiency, and continued production growth,' it added.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr