By Jaime Llinares Taboada

Tatneft PJSC on Friday reported an improved profit for the second quarter compared with the immediately prior period, reflecting higher sales volumes and prices for crude oil and refined products.

The Russian oil-and-gas company made a net profit of 48.64 billion rubles ($654.8 million) for the three months ended June 30, up from RUB43.59 billion in the first quarter of the year.

Earnings before interest, taxes, depreciation and amortization rose to RUB75.58 billion from RUB65.85 billion.

Oil production was up 7.8% quarter-on-quarter, gas output rose 12%, and refined products increased 8.0%.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

August 27, 2021 03:12 ET (07:12 GMT)

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