Rosneft Cost-Cut Helps Profit Beat Estimates as Oil Sputters

  • Quarterly net falls to 89 billion rubles as oil languishes
  • Ebitda of 348 billion rubles beat 307 billion-ruble estimate

Rosneft PJSC’s second-quarter profit slumped 34 percent, coming in better than analysts estimated on a one-time drop in costs even as a recovery in oil prices sputtered out.

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