May 18, 2018 / 2:17 PM / 9 months ago

Russia's En+ first quarter net profit jumps to $667 million

FILE PHOTO: A wall sign with the logo of aluminium and power producer En+ Group is seen on the facade of a building in central Moscow, Russia February 13, 2018. REUTERS/Sergei Karpukhin/File Photo

MOSCOW (Reuters) - Russia’s En+ Group (ENPLq.L), which manages tycoon Oleg Deripaska’s aluminum and hydropower businesses, on Friday reported a twofold increase in its first-quarter net profit compared with a year ago to $667 million.

Washington imposed sweeping sanctions on some of Russia’s biggest companies and businessmen, including En+, on April 6, striking at allies of President Vladimir Putin to punish Moscow for alleged meddling in the 2016 U.S. presidential election and other so-called malign activities.

Reporting by Polina Devitt; editing by Polina Ivanova

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