Russia's Lukoil says 3Q Net Profit Falls 62%, Below Forecast

Reuters

MOSCOW, Nov 30 (Reuters) - Russia's second-biggest oil producer Lukoil said on Monday its third-quarter net profit fell by around 62 percent year-on-year to $623 million, missing a $922 million analysts' forecast in a Reuters poll.

Revenues fell 40 percent to $23.4 billion, in line with market expectations, down from $39.0 billion in the third quarter of 2014, the company said in a statement.

(Reporting by Olesya Astakhova; writing by Maria Kiselyova; editing by Polina Devitt)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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