At the same time, the stepping up of financial results was hindered by higher taxes (total tax payment reached $20.7bn in H1 2008 against $12bn in H1 2007), a 13-32-percent increase in transportation tariffs and the ruble's appreciation against the dollar.
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Russian Rosneft's Profit Tripled
Rosneft's net profit under US GAAP nearly tripled to $6.87bn
Russia's state oil giant Rosneft announced its net profit nearly tripled to $6.87bn in the first half of 2008 compared to the same period of the previous year, the Russian oil company indicated in a statement today.
Revenue rose nearly twofold to $37.5bn, while EBITDA climbed 2.2 times to $11.75bn. Operating profit increased 2.8 times to $9.65bn.
Rosneft's net profit surged 2.5 times to $4.3bn in the second quarter of 2008, while revenue went up nearly twofold to $21.13bn.
At the same time, the stepping up of financial results was hindered by higher taxes (total tax payment reached $20.7bn in H1 2008 against $12bn in H1 2007), a 13-32-percent increase in transportation tariffs and the ruble's appreciation against the dollar.
At the same time, the stepping up of financial results was hindered by higher taxes (total tax payment reached $20.7bn in H1 2008 against $12bn in H1 2007), a 13-32-percent increase in transportation tariffs and the ruble's appreciation against the dollar.
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