Belkamneft increased net profit in 2012 by 22% - up to RUR 132 million
Izhevsk. OAO Belkamneft (an upstream subsidiary of OAO NK RussNeft) in 2012 increased its net profit up to RUR 131.9 million against RUR 108.2 million of the previous year, according to the company’s accounts.
Revenues of Belkamneft in 2012 amounted to RUR 8.794 billion against RUR 8.778 billion a year earlier.
Cost of sales reached 8.582 billion (8.358 billion rubles in the previous year).
Besides, non-current assets of Belkamneft as of December 31, 2012 amounted to RUR 5.918 billion, current assets – RUR 4.590 billion, capital and reserves – RUR 7.936 billion.
Belkamneft Group oil production output in 2012 equaled 4.260 million tons. In addition, according to the company’s data, last year 30 new oil wells in six fields had been drilled and commissioned, which, in particular, enabled "Belkamneft" to increase production by 590.4 thousand tons (or 13.9% of total annual production of black gold).
OAO Belkamneft is engaged in oil production and treatment in the Republic of Udmurtia, Bashkortostan and the Kirov region.
The group of companies Belkamneft has 49 oil fields on the books. Current recoverable oil reserves of commercial categories amount to 85.4 million tons.