13 Dec 2011 18:51

Tatneft's net profit to US GAAP falls 60% in Q3, below forecast

MOSCOW. Dec 13 (Interfax) - Tatneft's net profit to US GAAP for Q3 2011 fell 60% year-on-year to 5.625 billion rubles, below analysts' forecast, the company said in its financial report.

However, in January-September 2011, the company's net profit grew 48% year-on-year to 45.092 billion rubles.

In H1 2011, the company posted a net profit of 39.467 billion rubles.

Analysts polled by Interfax expected Tatneft to post a net profit of 10.13 billion rubles for Q3 2011.