Rosneft Posts 1H Results | Business | The Moscow Times:
"Rosneft reported 35 billion rubles ($1.07 billion) in second-quarter net income, beating analyst expectations of 31.3 billion rubles in its first fully integrated results after its buyout of TNK-BP.
However, second quarter net income was a third of the 102 billion rubles that Rosneft reported in the first quarter.
The drop was due to foreign exchange losses as a result of the ruble weakening, amounting to a 55 billion ruble forex loss on its debt obligations in the second quarter compared with an 11 billion rubles loss in the first."
'via Blog this'
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