August 29, 2019 / 12:26 PM / 21 days ago

Russia's Surgutneftegaz reports $235 million first-half loss

MOSCOW (Reuters) - Surgutneftegaz (SNGS.MM), one of Russia’s largest oil producers, on Thursday reported a half-year loss of 15.52 billion roubles ($235 million) hurt by unfavorable foreign currency rates.

It reported a net profit of 390 billion roubles a year earlier.

First-half sales rose to 933.67 billion roubles from 856.75 billion, it said.

Reporting by Vladimir Soldatkin

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