In the I quarter "Saratovneftegaz" doubled net profit
Saratov. May, 14. INTERFAX - In January-March 2008 ОАО "Saratovneftegaz" (a subsidiary of NK "Russneft") increased net profit by 2 times in comparison with the year-on-year - up to 318,4 mln Rubles, as it is stated in the report of the Copmpany.
Revenue for the accounting period increased by 33,26 % - up to 2 bln 515,17 mln Rubles; self-cost of the sold goods increased by 27,5 %, up to 1 bln 987,865 mln Rubles; gross profit - by 1,6 times, up to 527,305 mln Rubles; sales profit - by 1,8 times, up to 456,285 mln Rubles; pretax profit - by 1,9 imes, up to 447,405 mln Rubles.
"Saratovneftegaz" is occupied with oil and gas production. 99% of the Company shares belong to OAO NK "RussNeft".
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