National company "KazMunayGaz" announces Q1 2022 financial results

07.06.22 19:13
/KASE, June 7, 2022/ – 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 June 7, 2022: quote Joint-stock (JSC) National Company (NC) KazMunayGas (“KMG” or Company), Kazakhstan's national vertically integrated oil and gas company, published its interim condensed consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) 34 "Interim Financial Statements" for the three months ended on March 31, 2022, with a report on the results of the review of interim financial information by an independent auditor. Key financial indicators for the first quarter of 2022: - Revenue for the first quarter of 2022 increased by 64.1% and amounted to 1,957 bln tenge (USD 4,279 mln) compared to 1,192 bln tenge (USD 2,840 mln) in the first quarter of 2021; - EBITDA increased by 39.5% to 444 bln tenge (USD 971 mln) compared to 318 bln tenge (USD 758 mln) in the first quarter of 2021; - The Company's net profit in the reporting period increased by 0.5% and amounted to 287 bln tenge (USD 628 mln). Net profit for the period attributable to the shareholders of the parent company amounted to 312 bln tenge (USD 682 mln); - FCF amounted to -40 bln tenge (USD -88 mln), compared to 35 bln tenge (USD 83 mln) in the first qiarter of 2021; - Total debt as of March 31, 2022 increased by 3.5% and amounted to 3,878 bln tenge (USD 8,317 mln) compared to the indicator as of December 31, 2021 in the amount of 3,746 bln tenge (USD 8,676 mln); - The Company's net debt as of March 31, 2022 amounted to 2,189 bln tenge (USD 4,694 mln) to the indicator as of December 31, 2021 in the amount of 2,204 bln tenge (USD 5,104 mln). unquote The full version of the press release is available on KASE website: - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_070622_kz.pdf – in Kazakh; - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_070622.pdf – in Russian; - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_070622_en.pdf – in English. [2022-06-07]