Rosneft Fourth-Quarter Profit Climbs to $2.99 Billion, Beating Estimates

OAO Rosneft, Russia’s largest oil producer, increased net income 7.7 percent in the fourth quarter from the previous three months, beating expectations.

Net income rose to $2.99 billion from $2.78 billion in the third quarter, the company said today in a statement. That beat the average estimate of $2.73 billion from 13 analysts surveyed by Bloomberg.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net

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