Yukos, once Russia's largest oil company, was declared bankrupt August 1 after three years of litigation with tax authorities over the company's tax arrears.
The company said sales in the reporting period had slipped 4.5% to 1.24 billion rubles (about $46 million), while gross profit narrowed 24.6% to 418.95 million rubles (about $15.5 million) and operating profit doubled to 341.45 million rubles (about $12.6 million). Pre-tax loss fell 77.28% to 1.98 billion rubles (about $73.4 million).
The Yukos Group, whose founder Mikhail Khodorkovsky is serving an eight-year prison term after being convicted for fraud and other charges in May 2005, now faces a total of 491.58 billion rubles (about $18.2 billion) in claims from creditors, including its former core production unit Yuganskneftegaz, now controlled by Rosneft (108.7 billion rubles, or about $4.03 bln), the Federal Tax Service (353.8 billion rubles, or about $13.1 bln), Rosneft ($482 mln), and other companies.
