> STOCKSHOTS: Russia's Rosneft sees 13% rise in net profit / 92U48C
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STOCKSHOTS: Russia's Rosneft sees 13% rise in net profit / 92U48C
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Russia's largest oil producer Rosneft, which said Thursday its half-year net profit rose 13.1 percent despite "adverse external factors" amid the Russian offensive in Ukraine.
The Russian energy giant has been hit by Western sanctions over Ukraine, which impeded its global financing and trading.
But its net profit still rose to 432 billion rubles ($7.2 billion) following an increase in crude oil prices due to rising global demand and supply constraints brought about by the Russian operation in Ukraine.
STOCKSHOTS Rosneft oil company headquarters in Moscow