Gazprom Neft’s NIS Reports First-Quarter Profit on Cost Cuts

  • NIS three-month consolidated net income 261 million dinars
  • Ebitda falls 48 percent on low global oil prices, sales down

Naftna Industrija Srbije, majority owned by Russia’s Gazprom Neft PAO, extended profits in the first quarter as increased refining volume and cost cuts helped offset the low prices of crude.

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