MOSCOW, May 16 (RIA Novosti) - Yukos Oil Company (RTS: YUKO) said Tuesday its net losses in 2005 had declined by 75% year-on-year to 95 billion rubles ($3.5 billion).
The company said its earnings stood at 2.77 billion rubles ($102 mln), down 56.5%.
"The decline in sales proceeds and business expenses in the reporting period was due to the absence of sales of export oil and intermediary oil export services," the company said.
