“Belkamneft” has increased its net profit by 16 % during 9 month.
Izhevsk, November 15. INTERFAX - OAO “Belkamneft” (affiliated to Oil and Gas Company “Russneft”) during the first nine months of 2007 has increased its net profit by 16.2% as compared with the analogous period of the last year – up to 286 million 18 thousand rubles, according to the company’s release
Earnings of “Belkamneft” in January-September of the current year has grown by 20.8% - up to 5 billion 349 million 718 thousand rubles.
At that gross profits of the company amounted to 352 million 517 thousand rubles (17.5% fall), profits before tax payment – 354 million 951 thousand rubles in comparison to 361 million 65 thousand rubles during 9 months of 2006.
OAO Oil and Gas Company “RussNeft” produces hydrocarbons in Udmurtia through its subsidiaries: OAO “Belkamneft”, OAO “Uralskaya Neft”, OAO ”Udmurtskaya natsionalnaya neftianaya kompania”, OAO ”Udmurtskaya neftianaya kompania”.