30 Mar 2010 18:29

Gazprom Neft's RAS net profits rise 22% to 55.4 bln rubles in 2009

MOSCOW. March 30 (Interfax) - Gazprom Neft turned 55.4 billion rubles in net profit to Russian Accounting Standards (RAS) in 2009, an increase of 22% from the year before.

The company announced that Q4 net profit dropped to 12.8 billion rubles from 16.3 billion rubles in Q3. This was attributable to "a significant decrease in revenue from the sale of oil products on the domestic market," the company said.