MOSCOW, November 14 (RIA Novosti) - RussNeft's net profit, calculated to Russian Accounting Standards, hit 9.2 billion rubles ($346 million) in the first nine months of 2006, up 180%, year-on-year, the Russian oil company said Tuesday.
Revenues grew 70%, year-on-year, in January-September to 81.7 billion rubles ($3 billion).
Sales proceeds increased 4.7%, to 9.6 billion rubles ($358 million), pre-tax profit rose 140% to 11.9 billion rubles ($445 million).
RussNeft, Russia's newest vertically integrated oil company, is among the country's top 10 crude producers. Its recoverable reserves exceed 630 million metric tons (4.6 billion barrels).
