(Bloomberg) -- OAO Lukoil, Russia's largest non-
state oil producer, said profit fell 23 percent in the first
quarter as costs rose and prices declined.
Net income slid to $1.3 billion, or $1.56 a share, from
$1.69 billion, or $2.04 a share, a year earlier, Moscow-based
Lukoil said in a statement distributed by the Regulatory News
Service today. That's 5 percent less than the $1.37 billion
median estimate of nine analysts in a Bloomberg survey.
Read more at Bloomberg Emerging Markets News
state oil producer, said profit fell 23 percent in the first
quarter as costs rose and prices declined.
Net income slid to $1.3 billion, or $1.56 a share, from
$1.69 billion, or $2.04 a share, a year earlier, Moscow-based
Lukoil said in a statement distributed by the Regulatory News
Service today. That's 5 percent less than the $1.37 billion
median estimate of nine analysts in a Bloomberg survey.
Read more at Bloomberg Emerging Markets News
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