29 Sep 2017 10:42

Alliance Oil swings to $60.9 mln in IFRS losses in Q2 from profit a year earlier

MOSCOW. Sept 29 (Interfax) - Alliance Oil, the core subsidiary of Eduard Khudainatov's Independent Oil company, posted $60.9 million in losses to International Financial Reporting Standards (IFRS) in Q2 2017 after profit the year before, the company said in a report.

Revenue during the period totaled $654.9 million, up from $522.2 million in 2016.