Russia's Tatneft H1 net profit falls 17 pct y/y

MOSCOW Tue Oct 2, 2012 6:31am EDT

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MOSCOW Oct 2 (Reuters) - Russian mid-sized oil producer Tatneft said on Tuesday its first-half net profit declined 17 percent, year-on-year, to 32.9 billion roubles ($1.06 billion) on the back of higher taxes.

Revenue in the first six months of the year edged up 0.1 percent to stand at 294.2 billion roubles.

($1 = 31.0372 Russian roubles) (Reporting by Vladimir Soldatkin; Editing by Maria Kiselyova)

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