Rosneft first half net profit rises to $6.8 bln
Moscow - Ria Novosti
Russia's oil giant Rosneft's first half net profit grew 34.2 percent to $6.8 billion to US GAAP, the company said on Friday. Revenues for the first half increased by 43.7 percent year-on-year to $43.397 billion, and operating profit rose 39.5 percent to $9.09 billion . EBITDA amounted to $12 billion in January-June 2011, a 30.5 percent growth compared to the same period in 2010. Capital expenses skyrocketed 61.6 percent to $6.213 billion, Rosneft said. Average hydrocarbon production grew 2.4 percent to 2.565 barrels of oil equivalent a day.
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