26 Oct 2010 14:13

TNK-BP International boosts US GAAP earnings 5% to $3.9 bln in 9M

MOSCOW. Oct 26 (Interfax) - TNK-BP International increased net profit to US GAAP 5% year-on-year in January-September to $3.9 billion, the company said in a statement.

Net profit grew on the back of higher earnings before taxes, depreciation and amortization (EBITDA) , which partially offset an increase in provisions for possible tax and legal claims, the company said.