Lukoil Quarterly Profit Gains 8%, Beats Analyst Estimates
This article is for subscribers only.
OAO Lukoil, Russia’s second-largest oil producer, said profit rose 7.7 percent in the first quarter on higher crude prices.
Net income advanced to $3.79 billion from $3.52 billion a year earlier, the Moscow based company said today in a regulatory filing. That beat the $3.10 billion average estimate of 12 analysts surveyed by Bloomberg News. Revenue rose 19 percent to $35.3 billion.