National company "KazMunayGaz" announces 2020 financial results

17.03.21 15:50
/KASE, March 17, 2021/ – National company "KazMunayGaz" JSC (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated March 15, 2021: quote Joint-stock (JSC) National Company (NC) KazMunayGas (“KMG” or Company), Kazakhstan's national vertically integrated oil and gas company, published its consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) for 2020 with an independent auditor's report. Key financial indicators for 2020: - Revenue amounted to 4,556 bln tenge (USD 11,019 mln) in 2020, compared to 6,859 bln tenge in 2019; - EBITDA was at 1,151 bln tenge (USD 2,785 mln), compared to 1,963 bln tenge in 2019; - The Company's net profit amounted to 172 bln tenge (USD 416 mln) in 2020, compared to - 1,158 bln tenge in 2019. Net profit attributable to shareholders of the parent company for the period amounted to 273 bln tenge (USD 661 mln); - FCF amounted to 88 bln tenge (USD 213 mln), compared to 592 bln tenge in 2019; - The Company's net debt was at USD 6,162 mln as of 31 December 2020, having decreased by 0.2% from USD 6,171 mln at the end of 2019; - Total debt decreased by 3.4% to USD 9,690 mln as of 31 December 2020 compared to 31 December 2019. unquote The full press release is available on KASE website: - https://kase.kz/files/emitters/KMGZ/kmgz_reliz_150321_1.pdf – in Russian; - https://kase.kz/files/emitters/KMGZ/kmgz_reliz_150321_eng_1.pdf – in English. [2021-03-17]