Saratov. OAO Saratovneftegas (РТС: SNFG) (a subsidiary enterprise of NK RussNeft (РТС: RUSN) in 2011 made net profit in amount of 3 billion 172.243 million rubles, that is 1.8 times more than last year, the company said in the statement.
The materials explain that the rise in net profit last year as compared with 2010 was caused by the increase of revenues from gas and oil sales as a result of sales growth of gas and increase of oil and gas sale price.
The Company’s revenues in the past year increased as compared with 2010 by 30.6% - up to 10 billion 249.396 million rubles.
