“Saratovneftegas” profit on RAS for 9 months increased 2.1 times – up to 2.33 billion rubles
Saratov. Net profit of “Saratovneftegas” (a subsidiary of “RussNeft”, numbers among top ten largest Russian oil companies) in January-September of 2011, RAS increased 2.1 times – up to 2.33 billion rubles from 1.11 billion rubles in the same period of the last year, as stated in the company’s report.
“The positive value of the net profit for the nine months of 2011 and its positive dynamics indicate economically efficient activity of the enterprise during the review period” – the report states.
The Company’s revenue for the 9 months of 2011 has increased by 30.8% and amounted to 7.45 billion rub., while production costs increased by 23.7% - up to 4.13 billion rubles.
Gross profit increased by 40.8% - up to 3.32 billion rub., profit from sales - to 44.55 – up to 3.05 billion rubles.
Profit before tax amounted to 2.95 billion rub., which is 1.9 times more as compared with the same period of the last year.
The Company’s revenue for the 9 months of 2011 has increased by 30.8% and amounted to 7.45 billion rub., while production costs increased by 23.7% - up to 4.13 billion rubles.
Gross profit increased by 40.8% - up to 3.32 billion rub., profit from sales - to 44.55 – up to 3.05 billion rubles.
Profit before tax amounted to 2.95 billion rub., which is 1.9 times more as compared with the same period of the last year.
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