17.05.2007, 11:23
RAS Net Profit of Oil Major TNK-BP Rises 2-fold y/y in 2006 to USD 3,9bn
OREANDA-NEWS. RAS net profit of oil major TNK-BP went up 2-fold y/y in 2006 to RUR 119,39bn (USD 3,9bn). Its gross profit declined by 31,2% to RUR 243,9bn. The company also announced that its RAS revenues for 2006 went down by 1,2-fold to RUR 584,5bn. It looks that optimization of taxation is responsible for such strong profit growth because the advance of TNK-BP’s pre-tax profit was only 33,7% to RUR 156,8bn.
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