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Net profit of Orenburgnefteproduct for 2008 grew by 10.5%, up to 147,684 million rubles.

27.04.2009 "AK&M"

Net profit of Orenburgnefteproduct for 2008 grew by 10.5%, up to 147,684 million rubles from 133,7 million rubles, says the company's report.

Net profit of Orenburgnefteproduct in the I quarter of 2009 grew by 2.8 times up to 198,797 million rubles from 71.3 million rubles in the IV quarter of 2008.

Orenburgnefteproduct is the largest supplier of fuel, oils  and lubricants to the consumers of Orenburg region. It encompasses the net of 96 gas filling stations and 16  bulk plants. The share of oil products retail sales through the company's own gas filling stations is more than 50%.  The net of bulk plants at the territory of the region provides fuel for wholesale buyers:  agricultural producers, municipalities, budget organizations. In 2007 the company sold 586,443 thousand tons of oil products.

The main shareholder of the company with interest in share capital of 92.5658% of shares (98.0331% jf ordinary shares) is OAO NK "RussNeft".

According to the date of IPS "Capital"  net profit of Orenburgnefteproduct under RAS standards for January-September of 2008 reduced by 26.77% to 76.384 million rubles from 104.308 million rubles a year earlier. The proceeds grew by 53.7% up to 10.018 billion rubles from 6.517 billion rubles, production costs - up to 9 245 billion rubles from 5.93 billion rubles.

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