Press releases
JSC NC KazMunayGas announces financial results for the first quarter of 2020
Nur-Sultan, 4 June 2020 – 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 for the first quarter of 2020, prepared in accordance with IAS 34, Interim Financial Reporting with independent auditor’s report on review of interim financial information.
Highlights for the first quarter of 20201:
- EBITDA2 was down by 43.7% year-on-year to 275 bln tenge (USD 702 mln);
- FCF3 amounted to 26 bln tenge (USD 66 mln);
- Net debt amounted to USD 6,185 mln, almost unchanged compared to USD 6,171 mln as at 31 December 2019.