Pumping up profits: Rosneft
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Rosneft profits beat expectations
Russia's Rosneft said today its net profit in the third quarter rose to $3.47 billion versus $1.93 billion the year before, beating analysts' forecasts by almost $1 billion.
Revenues in the third quarter were $20.69 billion, up from $13.74 billion the year before and almost in line with analysts' expectations, a Reuters report said.
Earnings before interest, tax, depreciation and amortisation were $5.33 billion, versus $4.05 billion the year before and also higher than analysts had predicted, at $5.01 billion.