Lukoil 2Q Net Profit Doubles

By Ian Walker Features Dow Jones Newswires

Russian oil company Lukoil PJSC (LKOH.MZ) Tuesday reported a more-than doubled second-quarter net profit, as it benefited from foreign-exchange gains and the sale of JSC Arkhangelskgeoldobycha.

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For the second quarter of 2017 Lukoil made a net profit of 138.65 billion rubles ($2.37 billion), compared with RUB62.6 billion a year earlier. Sales were 1.5% higher at RUB1.39 trillion.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

August 29, 2017 09:50 ET (13:50 GMT)