Russia's Lukoil posts 4.6% rise in H1 net profit to 590 bln roubles
Adds second-quarter profit declined, details
MOSCOW, Aug 29 (Reuters) -Lukoil LKOH.MM posted a 4.6% rise in first-half net profit to 590.2 billion roubles ($6.5 billion), Russia's No.2 oil producer reported on Thursday, thanks to rising sales.
That was up from 564.1 billion a year earlier, and topped the 554 billion expected by analysts polled by Russia's Interfax news agency.
First-half revenue rose to 4.3 trillion roubles from 3.6 trillion, Lukoil said.
The company also said second-quarter net income declined by 7.6% year-on-year to 279.6 billion roubles.
Lukoil had to constrain its oil output due to Russia's deal with the Organization of the Petroleum Exporting Countries and its allies in order to support a volatile oil market.
The company also suffered from outages at its oil refineries, mainly NORSI.
The NORSI refinery suffered technical outages in January and was hit by a drone attack in March. NORSI normally refines about 15.8 million tons of crude a year, or 5.8% of Russia's total refined crude, making it a top four among Russian oil refineries.
($1 = 91.2000 roubles)
Reporting by Vladimir Soldatkin; Editing by Jason Neely and Jan Harvey
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