Kazakh Mangistaumunaigas net profit decreases
Baku, Azerbaijan, Nov. 28
By Elena Kosolapova - Trend:
Kazakh Mangistaumunaigas decreased its net profit by 15.7 per cent to 104 billion tenge (153.38 tenge =$1) in January-September 2013 compared to the same period of 2012, Novosti-Kazakhstan.
The company's consolidated financial statements under International Financial Reporting Standards (IFRS) contain this data.
Mangistaumunaigas' revenues in the reporting period increased by 0.2 per cent to 478.9 billion tenge whilst its gross profit decreased by 1.8 per cent to 333.8 billion tenge.
The company's assets increased by 20 per cent to 358.1 billion tenge and liabilities increased by 25.8 per cent to 146.2 billion tenge.
Mangistaumunaigas equity increased by 16.3 to 211.9 billion tenge in January-September 2013.
Mangistaumunaigas is one of the largest oil and gas companies in Kazakhstan. The company has 36 oil and gas fields, 15 of which are under development.
The main shareholder of Mangistaumunaigas (99 per cent stake) is Mangistau Investments BV, owned on a parity basis by Kazakhstan's national company oil and gas company KazMunaiGas and China's CNPC.