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In the first quarter "Saratovneftegaz" increased net profit by 1,6 times

12.08.2008 "Interfax"

Saratov. August, 12. INTERFAX-VOLGA REGION - In January - June 2008 ОАО "Saratovneftegaz" (a subsidiary of "RussNeft") increased net profit by 1,6 times in comparison with the first quarter of 2007 - up to 709 mln 259 thous. Rubles, as it is said in the report of the Company.

Revenue in the first quarter 2008 increased by 29 % - up to 5 bln 424 mln 636 thous. Rubles; cost of sales - by 27,8 %, up to 4 bln 257 mln 10 thous. Rubles; gross profit - by 33,7%, up to 1 bln 167 mln 626 thous. Rubles.

The sale increased by 39,7% and reached 1 bln 12 mln 171 thous. Rubles; pre-tax profit - by 1,5 times, up yo 990 mln 202 thous. Rubles.

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