Profits lift for Tatneft

Pumping up: at Tatneft

Russia’s fifth-ranked oil producer Tatneft boosted its first-quarter profits by 44%.

The London-listed company reported consolidated profit attributable to shareholders of 24.4 billion roubles ($698 million) versus 17 billion roubles a year earlier.

Tatneft’s revenue increased by about 10% year on year to 117 billion roubles.

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