Tatneft sees RAS net profit slump 3% to 69.7 bln rubles in Jan-Sept

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Tatneft sees RAS net profit slump 3% to 69.7 bln rubles in Jan-Sept

MOSCOW. Oct 29 (Interfax) - Tatneft , a Russian oil company, reported net profit to Russian Accounting Standards down 2.8% year-on-year to 69.7 billion rubles in the first nine months of 2015.

Revenue rose 12.5% to 349.3 billion rubles, cost of sales rose 11% to 225.8 billion rubles.

Gross profit rose 15% and was 225.8 billion rubles.

Operating profit rose 11% to 96.3 billion rubles. Pretax profit rose 1.2% to 90.3 billion rubles.

The size of long-term obligations of the company at the end of the reporting period was 40.7 billion rubles against 43.5 billion rubles at the end of 2014. Short-term obligations fell by 6.7% to 45.6 billion rubles.