&host=rt.com&uri=/business/news/tatneft-posts-1q-2010/&via=(none)&ua=CCBot/1.0 (+http://www.commoncrawl.org/bot.html))
Tatneft posts 1Q 2010 net profit of 12.63 billion roubles
Published: 21 June, 2010, 16:29
Edited: 22 June, 2010, 15:07
TAGS: Investment, Oil, Corporate Results, Russia and the global economy
Russian oil producer, Tatneft, has posted a 1Q 2010 net profit of 12.63 billion roubles under US GAAP.
The bottom line jumped 59.3% from the 1Q 2009 net profit of 7.93 billion roubles, with EBITDA up 41.4% year-on-year to 21.3 billion roubles, on the back of sales rising 43% to 105.15 billion roubles.
The company says the figures reflect a boost in crude demand and prices over the later half of 2009, carrying into 1Q 2010, which was partly offset by an increase in export duties and unified production tax.
21.06.2010, 13:05
Belarus gas conflict not a Ukraine rerunThe implications of the gas conflict between Russia and Belarus is very different to the recent conflicts between Russia and Ukraine according to Aleksandr Nazarov, oil and gas analyst at Metropol IFC. |
22.06.2010, 12:03
Belarus faces further gas cutsBelarus says it will pay it's outstanding debt to Russia for its gas supplies in two weeks. The details of the offer are still unclear and the taps remain partially closed. |
