“RussNeft” built up its profit i.5 times by RAS
Moscow, November 14, Interfax-ANI – Oil and Gas Company “Russneft” (RTS:RUSN) during the 9 months of the year 2008 has increased its net profit 1.5 times as compared with the analogous period of the last year – up to 119.546 billion rubles, says the report of the company.
Cost of production grew by 40% - up to 89.4 billion rubles, gross profit – 2.1 times, up to 30.2 billion rubles, sales profit grew 2.8 times , up to 21/512 million rubles, profit before taxation – 2.6 times, up to 16.336 billion rubles.
As it has already been reported, net profit of “Russneft” has almost doubled during the nine months, it grew up to 8.83 billion rubles.
Long-term loans and credits have decreased during the nine months by 14% - 79.6 billion rubles, short-term loans and credits have increased 1.8 times – up to 21.8 billion rubles, creditor indebtedness has decreased by 2.3%, to 34.5 billion rubles.