Net profit of KazTransOil down by 39% for the Q1

05:57 Mon, 27 June

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24.May .2022 12:30

Net profit of KazTransOil down by 39% for the Q1

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The net profit of KazTransOil JSC for the 1st quarter of 2022 decreased by 39% compared to the 1st quarter of 2021, reported the Kazakhstan Stock Exchange (KASE).

“The net profit of KazTransOil JSC for the 1st quarter of 2022 amounted to KZT10.2 billion (US$ 24 mln), which is 39% lower than in the 1st quarter of 2021,” - published KASE.

Profit before tax for the reporting period decreased by 40% and amounted to KZT12.6 billion (US$ 29.8 mln), operating profit decreased by 2.3 times, to KZT7.9 billion (US$ 18.7 mln), gross profit - by 1.9 times, to KZT10.7 billion (US$ 25 mln), revenue decreased by 4%, to KZT56 bn (US$ 132 mln).

The assets of KazTransOil JSC for the first quarter of 2022 decreased by 2%, to KZT964 billion (US$ 2.3 bln). The company's liabilities for the reporting period decreased by 8%, to KZT227 billion (US$ 537 mln), the company's capital decreased slightly, to KZT736 billion, the authorized capital did not change and amounted to KZT62 billion (US$ 147 mln), KazTag reports.

Kazakhstan Oil Net Profit