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"Orenburgnefteprodukt" in 2008 increased net profit by 10,5%"

16.03.2009 "Interfax"

Orenburg. The net profit of ОАО "Orenburgnefteprodukt" (enters NК "RussNeft" (RTS: RUSN)) in the fourth quarter of 2008 made 71,3 mln Rubles, the Company report says.

As it was reported, according to the results of 9 months of 2008 "Orenburgnefteprodukt" secured 76 mln 384 thous. Rubles of net profit. Thus, the net profit in 2008 made 147,684 mln Rubles and increased, as compared with the key figures of 2007, by 10,5%.
It is said in the report, that the net profit of the Company in the fourth quarter of 2008 increased by 4,5 times, as compared with the key figures of the third quarter, "due to the cost saving and reduction of the purchase cost of oil products".
ОАО "Orenburgnefteproduct" is the top supplier of fuels and lubricants to the consumers of the Orenburg Region. It encompasses a net of more than 100 gas filling stations, embracing practically all Orenburg  Region and 16 oil depots.

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