August 2008

12.08.2008
In the first quarter "Orsknefteorgsintez" increased net profit by 50% - up to 482 mln Rubles
ORENBURG, August, 12 - RIA Novosti. In January - June 2008 net profit of the biggest oil refinery of the Orenburg Region, "Orsknefteorgsintez" (a subsidiary of NК "RussNeft"), exceeded similar last year's rates by 50%, and reached 481,896 mln Rubles, as it is said in the report of the Company.

Revenue of the enterprise in the first quarter 2008 amounted to 2,431 bln Rubles - 16% more, than a year before.
As noted, revenue and net profit growth in the enterprise is connected with services for reforming price rise.
Production price at "Orsknefteorgsintez" increased by 4,4% and amounted to 1,253 bln Rubles.
Gross operational profit of the enterprise in January - June almost made 1,178 bln Rubles (growth by 32%), sales profit - 776,43 mln Rubles (growth by 50%), pre-tax profit - 649,182 mln Rubles (growth by 57%).
The capacity of ОАО "Orsknefteorgsintez" makes 6,6 mln tons per year.



Source: RIA "Novosti"