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Rosneft swings to first-quarter net income of $2 bln

MOSCOW, May 14 (Reuters) - Russia’s largest oil producer, Rosneft, on Friday reported first-quarter net income of 149 billion roubles ($2 billion), buoyed by a recovery in oil prices, after a $2.1 billion loss a year earlier.

Revenue for the January-March quarter edged down by 1.2 % to 1.7 trillion roubles owing to a drop in sales, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 445 billion roubles, up 44% year on year. ($1 = 73.9200 roubles) (Reporting by Olesya Astakhova and Vladimir Soldatkin Editing by David Goodman )

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