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Yukos Profits Soar!
Despite crippling problems, company continues to impress...
Yukos has announced net profits of USD 3.55 billion for the first 9 months of 2003 or a 71.3% increase year-on-year. Yukos uses the US GAAP system of financial reporting.
The company's assets for the period January through September 2003 increased by 53.4% year-on-year to USD 12.2 billion. Moreover, oil production improved by 18.7% to 59.7 million tones for the period and refined oil increased by 21.3% to 28.4 million tones.
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