Rosneft Lines Up Anti-Sanctions Measures, Net Income Up

Rosneft's shares were down 0.7 percent in late afternoon trade, outperforming a 1.4 percent decline of the broader Moscow market.

The company said its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose to 304 billion roubles, almost in line with expectations.

Sales for the period rose to 1.44 trillion roubles, slightly above the 1.42 trillion roubles expected by analysts. Rosneft reported it received $1.9 billion of advanced payments from BP in July under a five-year oil supply deal.

Free cash flow surged to 112 billion roubles while net debt declined to 1.495 trillion roubles.

($1 = 35.0685 Russian Roubles) (Editing by David Evans and Jason Neely)