4 Apr 2012 19:02

TNK-BP Holding boosts US GAAP earnings 40.8% to $9.2 bln in 2011

MOSCOW. April 4 (Interfax) - TNK-BP Holding (TBH) boosted net profit to US GAAP 40.8% in 2011 to $9.208 billion, the oil company said in an earnings report.

Sales revenue grew 33.5% to $54.89 billion.

Pre-tax profit rose 42.6% to $11.877 billion rubles.

Earnings before taxes, depreciation and amortization (EBITDA) grew 34.3% to $13.7 billion.

Average daily oil production rose 1.2% to 1.55 million barrels per day.