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Rosneft Fourth-Quarter Net $2.99 Billion, Beating Estimates

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Feb. 3 (Bloomberg) -- 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.

Link to Statement:{NSN LYTK663HBS3K <GO>}

Link to Company News:{ROSN RU <Equity> CN <GO>}

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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