National company "KazMunayGaz" announces H1 2022 financial results

24.08.22 13:50
/KASE, August 24, 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 August 23, 2022: quote Joint-stock National Company KazMunayGas ("KMG" or Company), Kazakhstan's national vertically integrated oil and gas company, publishes its interim condensed consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) 34 "Interim Financial Statements" for the three and six months ended on June 30, 2022, with a report on the results of the review of interim financial information by an independent auditor. Key financial indicators for the first half of 2022: - Revenue increased by 57.3% and amounted to 4,203 bln tenge (USD 9,339 mln) compared to 2,672 bln tenge (USD 6,299 mln) in the first half of 2021; - EBITDA increased by 49.2% to 1,119 bln tenge (USD 2,486 mln) compared to 750 bln tenge (USD 1,767 mln) in the first half of 2021; - The Company's net profit in the reporting period increased by 5.0% and amounted to 677 bln tenge (USD 1,504 mln); - Net profit adjusted for the share in profit of JVs and associates2 amounted to 156 bln tenge (USD 348 mln) compared to 384 bln tenge (USD 904 mln) in the first half of 2021; - FCF amounted to 188 bln tenge (USD 417 mln), compared to 291 bln tenge (USD 685 mln) in the first half of 2021; - Total debt as of June 30, 2022 amounted to 3,935 bln tenge (USD 8,366 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 June 30, 2022 amounted to 2,292 bln tenge (USD 4,872 mln) compared to the indicator as of December 31, 2021 in the amount of 2,204 bln tenge (USD 5,104 mln). unquote The complete press release is available on KASE website: - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_230822%20_1.pdf – in Russian - https://kase.kz/files/emitters/KMGZ/kmgz_reliz_230822_en.pdf – in English [2022-08-24]