November 28, 2018 / 11:20 AM / 14 days ago

Russia's Lukoil quarterly net profit almost doubles

A general view shows a gas facility of Lukoil company in Jarkuduk, Uzbekistan September 23, 2017. Picture taken September 23, 2017. REUTERS/Olesya Astakhova

MOSCOW (Reuters) - Russian oil producer Lukoil (LKOH.MM) said on Wednesday that third-quarter net profit rose to 183.8 billion roubles ($2.7 billion) from 97.3 billion roubles in 2017.

Lukoil reported third-quarter sales at 2.3 trillion roubles and earnings before interest, taxes, depreciation and amortization (EBITDA) at 321.8 billion roubles, up from 221.1 billion roubles a year ago.

Free cash flows in the same period stood at 159.8 billion roubles.

Reporting by Maxim Rodionov; Writing by Tom Balmforth; Editing by Edmund Blair

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