"Slavneft" in first half reduced its net income under RAS by 4.8 times - up to 1.4 billion rubles., Slavneft
Release Date: 2011-08-12
Net profit of "Slavneft" ("Gazprom oil" and TNK-BP) in the first half of this year declined by RAS 4.8 times compared to the same period last year and is up to 1.406 billion rubles, as stated in the report of the company.
"The significant decrease in net income compared to the same period in 2010 due to a decrease of income from investments in other companies in the reporting period," - explained in the report.
Profit of "Slavneft" for the period grew by 14.6% to $ 6.213 billion.
Gross margin increased slightly up to 0.48%, 1.682 billion rubles.Profit from sales decreased by 18% and up to 462.668 million rubles. Profit before tax fell by 4.4 times and amounted to 462.668 million rubles.
"Slavneft" owns licenses for geological survey, exploration and production of oil and gas in 39 licensed areas in Western Siberia, Krasnoyarsk Territory, and provides a full production cycle, from exploration and production of hydrocarbon reserves to their processing. The authorized capital of JSC "OGC" Slavneft "of 4.754 million rubles." Gazprom oil "and TNK-BP controls 98.95% shares of" Slavneft "and major stakes in its major subsidiaries. On it informs RIA" Novosti ".
| Type: | NORMAL |
| Company: | Slavneft |
| Country: | Russian Federation |
| Url: | http://www.oilcapital.ru/news/2011/08/121752_170702.shtml |