May 15, 2020 / 7:19 AM / 22 days ago

Russia's Rosneft reports $2.1 bln Q1 loss on weaker prices, rouble

MOSCOW, May 15 (Reuters) - Russia’s largest oil producer, Rosneft, on Friday reported a first-quarter loss of 156 billion roubles ($2.1 billion) hurt by the spread of the coronavirus and a weaker rouble.

Revenue for the January-March quarter fell 15% to 1.77 trillion roubles on lower oil prices, while earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 44% to 309 billion roubles.

$1 = 73.4609 roubles Reporting by Vladimir Soldatkin and Olesya Astakhova; editing by Jason Neely

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