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“Varioganneft” for 9 months has increased its revenue, RAS by 27%

14.11.2011 “Interfax”

Khanty-Mansiysk. OAO “Varioganneft” for 9 months of 2011 has increased its revenue, according to RAS, by 27.1% compared to the same period of the last year – up to 10 billion 150.716 million rubles, according to the company’s report.

The key factor influencing the change in volume of revenue, is the sales price, the report states.
Gross profit of AO  in January-September of the current year increased by 30% - up to 1 billion 407.029 million rubles, profit from sales – by 47% up to 875.598 million rubles, profit before tax – by 32%, up to 674.824 million rubles.
Previously, it was reported that according to the results of 9 months of the current year net profit of “Varioganneft” amounted to 491.478 million rubles, that by 28.7% exceeds the index of analogues period of 2010.
NK “RussNeft” (PTC: RUSN) holds 50.86% of “Varioganneft” shares.

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