MOSCOW, June 6 (Reuters) - Russia's No.2 oil producer Lukoil said on Monday its first-quarter net income fell by 59 percent, year-on-year, to 42.8 billion roubles ($651.3 million) due to a drop in oil prices, missing analysts' forecast of 53.2 billion roubles.
Sales declined to 1.2 trillion roubles from 1.4 trillion roubles a year ago, in line with expectations, while earnings before interest, tax, depreciation and amortization, a gauge of operating profit known as EBITDA, fell by 32 percent to 145.5 billion roubles, compared to an expected 170.4 billion roubles.
(Reporting by Vladimir Soldatkin; Editing by Maria Kiselyova)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you