Rosneft Posts Q3 Net Profit

OAO Rosneft posted a net profit in the third quarter.

Rosneft posted a quarterly net profit of 181 billion rubles ($5.77 billion), versus a year-ago net loss of $393 million. However, analysts were expecting a net profit of $3.94 billion.

Its quarterly production surged to 2.73 million barrels of oil equivalent per day.

Rosneft's quarterly revenue came in at RUB802 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) came in at RUB191 billion.

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