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BP says Q1 net profits triple to $16.86 bln

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(Globalpost/GlobalPost)

British energy giant BP said Tuesday that net profits almost tripled in the first quarter of 2013, boosted by the sale of its stake in Russian joint venture TNK-BP.

Earnings after taxation surged to $16.86 billion (12.87 billion euros) in the three months to the end of March, compared with $5.77 billion in the same period of 2012, BP said in a results statement.

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http://www.globalpost.com/dispatch/news/afp/130430/bp-says-q1-net-profits-triple-1686-bln