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"Belkamneft" in the first six month of the year increased its net profits by 43%.

15.08.2008 "Interfax"

Izhevsk, August 15. INTERFAX-POVOLZHIE - OAO "Belkamneft" (a subsidiary of NK "RussNeft" ) in January-June of 2008 received net profit in amount of 250.23 million rubles which exceeds net profit for the analogous period of the last year (175.196 million rubles) by 43%.

Revenue of "Belkamneft" in the first six months of the year grew by 10.9% - up to 4 billion 039.297 million rubles (in the analogous period of the last year it amounted to 3 billion 642.898 million rubles), gross profit ran up by 30,8% , from 232.333 million to 303.917 million rubles, pretax profit increased 1.8 times - up to 349.663 million from 192.25 million rubles.

Oil and Gas Company "Russneft" produces raw hydrocarbons in Udmurtia through its subsidiaries - OAO "Belkamneft", OAO "Uralskaya Neft",  OAO "Udmurtskaya Nationalnaya Neftianaya Kompania" (UNNK), "OAO "Udmurtskaya Neftianaya Kompania" (UNK).

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