18.04.2011
RIA “Novosti”
Saratov. Net profit of OAO “Saratovneftegas” (a subsidiary of “RussNeft”, numbered among top ten major Russian oil companies) in the first quarter increased 10.3 times, amounting to 829.208 million rubles in RAS, according to materials of the company.
The company recorded a first quarter net profit in 2010 of 80.198 million rubles, the fourth quarter profit – 623.3 million rubles.
The company explains the increase in the net profit of the first quarter by increase of sales revenue as a result of rising oil prices.
Net profit of “Saratovneftegas” in 2010, RAS increased 1.5 times - up to 1.731 billion rubles.
OAO “Saratovneftegas” – is the main subsoil user of Saratov Region.
The enterprise affiliated into “RussNeft” in December 2005.
