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Rosneft Doubles Profit on Higher Oil Prices, Output (Update1)

Rosneft Doubles Profit on Higher Oil Prices, Output (Update1)
Brief Date: 
01st Feb 2010
Brief Author: 
Stephen Bierman

Feb. 1 (Bloomberg) -- OAO Rosneft, Russia’s largest oil producer, said profit more than doubled in the fourth quarter after oil prices recovered and output increased.

Net income rose to $1.67 billion from $775 million a year earlier, the Moscow-based company said today in an e-mailed statement. That compares with the $1.7 billion median estimate of 10 analysts surveyed by Bloomberg. Sales climbed 35 percent to $14.6 billion.

Source: Business Week Link Below

 

Links: 
BusinessWeek: Rosneft Doubles Profit on Higher Oil Prices, Output (Update1)
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