May 2009

26.05.2009
According to RAS the net profit of "Saratovneftegaz" in 2008 increased by 10.4% up to 1.091 billion Rubles"
According to RAS the net profit of ОАО "Saratovneftegaz" in 2008 increased by 10.4% up to 1.091 billion Rubles, from 988.639 million Rubles a year before. This information has been provided by the enterprise in their report.

Sales revenue grew by 7.2% up to 9.964 billion Rubles, from 9.298 billion Rubles. Total profit reduced by 1.1 times - up to 1.831 billion Rubles from 2.004 billion Rubles, sales profit - by 11.3% up to 1.495 billion Rubles from 1.686 billion Rubles, pretax profit - by 0.6% up to 1.429 billion Rubles from 1.437 billion Rubles.
ОАО "Saratovneftegaz" is one of the largest extractive enterprises of "RussNeft". Today the enterprise, being the major subsoil user in the Saratov Region, provides oil and gas production on the territory of 14 districts; moreover, it produces raw hydrocarbons in the Staropoltavsky District of the Volgograd Region. Production level in 2007 exceeded 1.46 million tons of oil. The number of the staff of Saratovneftegaz and its subsidiary enterprises is more than 4 thousand people.
According to data from IPC "DataCapital", the net profit of Saratovneftegaz by RAS in January - September 2008 increased by 1.7 times, up to 1.241 billion Rubles from 720.035 million Rubles a year before, the revenue - by 26% up to 8.498 billion Rubles from 6.736 billion Rubles, total profit - by 29% up to 1.888 billion Rubles from 1.463 billion Rubles, pretax profit - by 60% up to 1.678 billion Rubles from 1.047 billion Rubles, sales profit - by 33% up to 1.642 billion Rubles from 1.236 billion Rubles.

Source: "AK&M"