25 Nov 2011 17:04

Lukoil sees record profit in 2011 - Fedun

MOSCOW. Nov 25 (Interfax) - Lukoil expects record net profit in 2011, the oil company's president, Leonid Fedun, said at a presentation or its US GAAP financial report for Q3 2011.

"On the whole we had the biggest profit in our history for the nine months, and we can forecast that annual profit will also be the highest ever for our company," Fedun said.

Net profit was $2.2 billion in Q3 and $9 billion in 9M 2011.