August 7, 2018 / 7:27 AM / 4 months ago

Russia's Rosneft more than triples Q2 net profit y/y

MOSCOW, Aug 7 (Reuters) - Russia’s largest oil producer Rosneft on Tuesday report its second-quarter net profit more than tripled to 228 billion roubles ($3.6 billion) on higher production and prices.

It said its first-half dividend may be higher than its 2017 full-year payout.

Core earnings of 565 billion roubles beat analyst forecasts of 510 billion.

$1 = 63.4900 roubles Reporting by Olesya Astakhova; writing by Tom Balmforth; editing by Jason Neely

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