(Bloomberg) -- OAO Rosneft, set to become Russia's
largest oil producer, said profit declined 25 percent in the
first quarter on higher export taxes and a weaker dollar.
Net income declined to $602 million from $802 million a
year earlier, state-run Rosneft said in an e-mailed statement
today. That is 7.5 percent higher than the $560 million estimate
in a Bloomberg survey of seven analysts. Revenue advanced 12
percent to $8.2 billion, more than the $8 billion in the survey.
Read more at Bloomberg Emerging Markets News
largest oil producer, said profit declined 25 percent in the
first quarter on higher export taxes and a weaker dollar.
Net income declined to $602 million from $802 million a
year earlier, state-run Rosneft said in an e-mailed statement
today. That is 7.5 percent higher than the $560 million estimate
in a Bloomberg survey of seven analysts. Revenue advanced 12
percent to $8.2 billion, more than the $8 billion in the survey.
Read more at Bloomberg Emerging Markets News
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