March 2010

31.03.2010
In 2009 “Saratovneftegas” increased its net profit according to RAS by 13%.
Saratov. In 2009 the net profit of OAO “Saratovneftegas”, a subsidiary of NK “Russneft” (RTS: RUSN), according to RAS, amounted to 1 billion 149.027 mln. rub., which is 12,7% more than in 2008, the company reports.

The company connects the increase in the net profit with the cut of production costs as a result of optimization of expenses and reduction in Tax on Natural Resources Production rate.
According to the results of 2009 the company’s assets amounted to 9 billion 503.187 mln. rub., which exceeds the last year index by 18.2%.
“Saratovneftegas” is engaged in oil and gas production. At present the enterprise develops 43 oilfields at  the territory of 14 districts of Saratov Region and also at Staropoltavsky district of Volgograd Oblast.


Source: “Interfax”