Russia's Surgut H1 Net Profit Down 19%

Posted by Michelle Howard
Friday, August 29, 2014

Russia's Surgutneftegaz posted 134.1 billion roubles ($3.6 billion) in net profit for the first six months of the year, down 19 percent from a year ago, the company said on Friday.

In the same period of last year, Surgut saw a net profit of 165.6 billion roubles. The company said its revenues reached 470.1 billion roubles, up from 392.3 billion roubles a year ago.

(1 US dollar = 37.0390 Russian rouble)

(Reporting by Katya Golubkova)

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