Moscow — Russia’s largest oil producer Rosneft said on Wednesday its net profit increased in the second quarter by 48.1% quarter-on-quarter to 194 billion roubles ($2.92 billion).
Q2 revenue rose 2.8% to 2.135 trillion roubles, the company said in a statement.
Rosneft said its financial debt and trading liabilities had fallen by 14%, or by more than 800 billion roubles, since the beginning of 2019.
Net debt and trading liabilities declined by 157 billion roubles in the first half of 2019 and a net debt to EBITDA ratio was at 1.3x in rouble terms at the end of the second quarter. ($1 = 66.3730 roubles)
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