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Russia's Bashneft Q1 profit up 16.4 pct to 13.96 bln roubles
June 2, 2014 / 6:16 AM / 3 years ago

Russia's Bashneft Q1 profit up 16.4 pct to 13.96 bln roubles

MOSCOW, June 2 (Reuters) - Bashneft, a mid-sized Russian oil producer, posted 13.96 billion roubles ($400.5 million) in first-quarter net profit, up 16.4 percent year-on-year, thanks to higher sales and weaker rouble.

The company, part of oil-to-telecom holding Sistema, said its revenues were up 16.8 percent at 146.67 billion roubles. ($1 = 34.8557 Russian Roubles) (Reporting by Katya Golubkova; Editing by Lidia Kelly)

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