November 2009

16.11.2009
For 9 months "Orenburgnefteprodukt" has increased net profit by 4 times - up to 305 million
Orenburg. It is said in the report of the enterprise, that in January - September 2009 the net profit of ОАО "Orenburgnefteprodukt" (the subsidiary enterprise of Oil and Gas Company "RussNeft") has increased ites net profit by 3,9 times - up to 305,519 million Rubles, as compared with the same period in 2008.

The net cost in January - September 2009 made 6,257 billion Rubles that is by 1,4 times less than it was against the same period in 2008. The gross profit grew by 7% and made 828,025 million Rubles, the sales profit increased by 2,9 times - up to 395,345 million Rubles, and profit before tax increased by 3,5 times and made 385,764 million Rubles.
It's also said in the report, that this year the profit of "Orenburgnefteprodukt" increased due to the reduction of production cost by 32%.
ОАО "Orenburgnefteprodukt" is the major fuel and lubricants distributor in the Orenburg Region. The enterprise has a net of more than 100 fuel stations, covering practically all Orenburg Region, and 16 oil depots. By number of fuel stations ОАО "Orenburgnefteprodukt" possesses 38% of retail market of the region.


Source: RIA "Novosti"