14 Aug 2014 17:29

Rosneft swings to 54.8 bln rubles H1 RAS net profit

MOSCOW. Aug 14 (Interfax) - Rosneft had net profit of 54.8 billion rubles to Russian Accounting Standards (RAS) in H1 2014, compared with losses of 5.3 billion rubles in the same period of last year, the oil company said in a report.

Sales revenue grew 50% to more than 2.2 trillion rubles, cost of sales rose 60% to 1.3 trillion rubles and operating profit grew to 112.5 billion rubles, from 70 billion rubles in the same period of last year.