In quarter 3, 2014 Russia’s biggest oil company Rosneft decreased net profit by 280 times against the same period last year to 1 billion rubles, while the analysts expected a net loss of almost 4 billion rubles.
In quarter 3, 2014 net profit of Rosneft totaled 280 billion rubles.
Rosneft explained reduction of profit by loss from the difference of exchange rates totaling 95 billion rubles.
During 9 months, 2014 Rosneft increased net profit by 4% up to 261 billion rubles, EBITDA showing – by 29% up to 869 billion rubles, profit – by 25% up to 4.2 trillion rubles.
By the end of quarter 3, 2014 net debt of the company totaled 1.77 trillion rubles, increased by 16% against previous quarter, reported http://ru.reuters.com.
