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Rosneft says Q4 net profit doubles to 100 bln roubles

Mon, 19th Mar 2018 07:32

MOSCOW, March 19 (Reuters) - Russian energy company Rosnefton Monday reported a fourth-quarter net profit of 100billion roubles ($1.74 billion), nearly double its year-earlierresult and in line with analyst forecasts in a Reuters poll.

It said its liquid hydrocarbon production reached 56.51million tonnes, raising its full-year output by 7.3 percent to225.5 million tonnes, or 4.53 million barrels per day.

Fourth-quarter earnings before interest, taxes, depreciationand amortisation (EBITDA) rose to 393 billion roubles on revenueof 1.7 trillion roubles.

($1 = 57.5700 roubles)(Reporting by Olesya Astakhova and Vladimir Soldatkin; editingby Katya Golubkova and Jason Neely)

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