28 Mar 2013 14:43

Verkhnechonskneftegaz doubles net profit in 2012

IRKUTSK. March 28 (Interfax) - OJSC Verkhnechonskneftegaz (VCNG) doubled its net profit to Russian Accounting Standards (RAS) to 53.594 billion rubles in 2012, according to the company's financial report.

Revenue soared 70% to 77.667 billion rubles.

Key financials for 2012 ('000 rubles):

	2012	2011
Sales revenue	77 667 456	46 110 878
Cost of goods sold	10 671 560	8 877 797
Gross profit	66 995 896	37 233 081
Profit from sales	64 446 716	35 198 237
Profit before tax	63 698 475	32 615 302
Net profit	53 594 374	26 329 145

As of December 31, 2012, VCNG's long-term liabilities totaled 6.983 billion rubles, compared to 25.992 billion rubles a year earlier. Short-term liabilities stood at 29.406 billion rubles, compared to 13.838 billion rubles.