In the state-run company's consolidated financial results, revenue for the same period rose 97.3% to $37.5 billion. Earnings before interest, taxes, depreciation and amortization, or EBITDA, totaled $11.75 billion, up 121% compared with January-June 2007.
In the second quarter of 2008, Rosneft's EBITDA nearly doubled to a new record of $7.052 billion, from $3.581 billion in April-June 2007, and grew 50% quarter-on-quarter from $4.698 billion in January-March 2008.
Net income increased 153% in the second quarter year-on-year to $4.312 billion, and by 68% quarter-on-quarter on January-March.
Revenue totaled $21.13 billion in April-June, growing 96% year-on-year.
"The strong increase in key financial indicators resulted from continued industry-leading growth in daily crude oil production [15.5% in 1H 2008 compared to 1H 2007, including 5.8% organic growth], improved vertical integration following the acquisition of refining and marketing assets in 2007, cost control, and the high level of international and domestic prices for oil, petroleum products and gas," the company said in a news release.
In 2007, Rosneft boosted oil output 25% year-on-year to 100.9 million metric tons (739 million barrels).
