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RussNeft Profits over 9 Months almost Triple

01.11.2006 "Interfax"

Moscow. November, 1. INTERFAX-ANI – OAO Oil and Gas Company RussNeft non-consolidated net profit over 9 months according to Russian Accounting Standards (RAS) is 9.238 bln rubles; it is 2.8 more than over the similar period in 2005 - 3.325 bln rubles.

As oil and gas company statement says, company profit for the second quarter 2006 was 4.2 bln rubles, 1.4 bln rubles –that is 66% less- for the third. This change in profits proportion is a result of the growth of cost value on the petroleum products sold and therefore the drop of sales profit. 

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