UPDATE: RussNeft IFRS net profit falls 67% to 3.2 bln rbl in Jan-Jun

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MOSCOW, Aug 25 (PRIME) -- The net profit attributable to shareholders of oil company RussNeft decreased 67% on the year to 3.217 billion rubles under International Financial Reporting Standards (IFRS) in January-June, the company said in a statement on Friday.

Revenue rose 15.5% to 57.7 billion rubles. The gross profit fell 5.5% to 14.1 billion rubles. The operating profit dropped 15.8% to 6.2 billion rubles.

The cost of sales increased 24.4% to 43.6 billion rubles. Financial expenses halved to 4 billion rubles. Commercial expenses rose 6.8% to 5 billion rubles.

(59.1397 rubles – U.S. $1)

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