for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Lukoil reports second-quarter net loss of 18.7 billion roubles

FILE PHOTO: Lukoil logos are pictured at Gorkovsky Automobile Plant (GAZ) in Nizhny Novgorod, Russia April 16, 2019. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - Lukoil LKOH.MM, Russia's second biggest oil producer, on Thursday reported a 18.7 billion roubles (188.29 million pounds) net loss in the second quarter, hit by weak oil prices, versus 181.2 billion roubles profit in the same period a year ago.

Lukoil said earnings before interest, taxes, depreciation and amortisation, or EBITDA, were at 137.2 billion roubles, excluding its West Qurna-2 project in Iraq, versus 324.4 billion roubles in the second quarter of last year.

Free cash flow was at 25.5 billion roubles against 162.4 billion roubles in the second quarter of last year.

Reporting by Olesya Astakhova and Maria Kiselyova; Writing by Katya Golubkova. Editing by Jane Merriman

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up