Rosneft Second-Quarter Net Rises 60% on Output, Price
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OAO Rosneft, Russia’s largest oil producer, said second-quarter profit advanced 60 percent on higher oil prices and output.
Net income climbed to $2.56 billion from $1.59 billion in the same period the previous year, the Moscow-based company said today in an e-mailed statement. The company didn’t provide net attributable to shareholders, which was $1.61 billion a year earlier and was forecast to reach $2.64 billion, according to the average estimate of 10 analysts surveyed by Bloomberg News.