04.07.2011
"Prime-TASS"
Moscow. NK “RussNeft” (RUSN01) increased in 2010 its capital investment in comparison to the previous year by 55% up to $347 million. This is the information from the company’s annual report.
Proceeds from the sale of products grew by 30 % and amounted to $6.9 billion. The net debt increased in 2010 up to $6.1 billion. The interest cover ratio amounted to 2.5 while in 2009 it was equal 3.7. The company increased the cash balance by $137 million after implementation of the investment program and credit portfolio servicing.
