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Rosneft Q1 net profit falls 13% to $3.3 bn

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(Globalpost/GlobalPost)

Russia's largest oil producer Rosneft on Tuesday saw its net profit slip 13 percent in the first quarter to $3.3 billion on seasonal factors that included lower sales volumes of petroleum products.

Its reported profit for the first three months of the year was slightly above the consensus and included only 10 business days of the company's previous acquisition of Russia's number three oil producer TNK-BP.

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http://www.globalpost.com/dispatch/news/afp/130430/rosneft-q1-net-profit-falls-13-33-bn