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Lukoil Profit Slides 60%
Energy

Lukoil Profit Slides 60%

OAO Lukoil, Russia’s largest non-state oil producer, said first-quarter profit dropped 60 percent after crude prices slumped. Net income fell to $690 million from $1.73 billion a year earlier, the Moscow-based company said Wednesday in a statement. That missed the $1.04 billion average estimate of seven analysts surveyed by Bloomberg.

 

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