“RussNeft” increased in 2010 its capital investment by 55per cent up to 347 million dollars.
Moscow. NK “RussNeft” (RUSN01) increased in 2010 its capital investment in comparison to the previous year by 55% up to $347 million. This is the information from the company’s annual report.
Proceeds from the sale of products grew by 30 % and amounted to $6.9 billion. The net debt increased in 2010 up to $6.1 billion. The interest cover ratio amounted to 2.5 while in 2009 it was equal 3.7. The company increased the cash balance by $137 million after implementation of the investment program and credit portfolio servicing.
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