TagraS

Performance indicators

2023: Revenue growth by 1.8% to 82 billion rubles

By the end of 2023, the Tagras oilfield service holding increased revenue by 1.8% compared to 2022 - to 82 billion rubles. The company's net profit during this time has sharply decreased - from 28 billion to 8.4 billion rubles. Such data are given in the holding's RAS reports, published in mid-April 2024.

According to Interfax, citing materials from Tagras, the company's gross profit in 2023 amounted to 12.6 billion rubles (-4.4% by 2022), profit from sales - 7.4 billion rubles (-11.1%), profit before tax - 11.5 billion rubles (3 times decrease).

source = TagraC

By the end of 2023, the volume of assets of Tagras amounted to 120.3 billion rubles, an increase of 3.2% on an annualized basis. The size of financial investments in 2023 increased by 34.9%, to 43.3 billion rubles. The amount of cash and cash equivalents decreased by 44.7%, to 10.8 billion rubles. The cost of fixed assets fell by 7.1%, to 23 billion rubles.

From the materials of "Tagras" it follows that in 2023 the holding increased labor productivity by 14.3% compared to the level of the previous year - up to 4.8 million rubles per person. The total amount of work increased by 6%. The volume of investments in 2023 remained at the level of the previous year (6.7 billion rubles).

According to the press service of Tagras, in 2023 the holding was able to achieve revenue targets and approach the volume of work to the period before the restructuring of enterprises. The plans for 2024 include expanding the sales market, launching projects for new developments and reengineering business processes and entering international markets, the group said.

As of the end of December 2023, the Tagras holding includes 54 enterprises in 8 divisions providing geophysical, drilling, mechanical, oil field, energy and transport services.^[1]

2022: Profit growth 4.3 times to 28 billion rubles

In 2022, the Tagras oilfield service holding earned 80.6 billion rubles in revenue, which is 4% more than a year earlier. Net profit increased 4.3 times and reached 28 billion rubles. Such data appear in the holding's report, which was published in June 2023.

According to Interfax, citing materials from Tagras, in 2022 the company's gross profit increased by 15.3%, to 13.2 billion rubles, profit from sales - 1.6 times, to 8.4 billion rubles. At the end of 2022, other revenues (their sources are not specified in the statements) of the group increased 5 times and amounted to 25.2 billion rubles. The volume of investments for the year turned out to be equal to 6.7 billion rubles.

Tagras increased its annual profit by 4.3 times

The holding's assets in 2022 increased by 29.7% and amounted to 123.5 billion rubles. In particular, the cost of fixed assets increased by 55.5%, to 22.5 billion rubles, financial investments and cash - by 62.8%, to 51.8 billion rubles, receivables - by 31.4%, to 24.5 billion rubles. Long-term loans reached 200 million rubles at the end of 2022, in 2021 they were absent.

As of the end of 2022, the Tagras holding, established in 2006 on the basis of service divisions, Tatneft unites 54 enterprises in 8 divisions providing services for geophysical, drilling, mechanical, oil field, energy and transport services. In 2022 the holding sold to Tatneft for 25.6 billion rubles eight enterprises: LLC UK'Tatburneft, Ltd company"'Tatintek, LLC UK›Tatspetstransport, LLC Tagras-Khimservice, LLC‹›KRS-Service, LLC NKT-Service, LLC MehServis-NPO and LLC TMS-Logistics together with their affiliated structures. The ‹ Tagras › notes that the annual report takes into account the indicators of these enterprises for the first quarter of 2022^[2]

History

2024: Buying 20% of the High Fund

On March 15, 2024, VimpelCom PJSC (beeline brand) announced that the structure of the Tagras oilfield service holding had become a co-owner of its Haiv venture fund. There is no information on the amount of the transaction as of the specified date. Read more here.

Notes