OREANDA-NEWS. On May 13, 2008 largest domestic independent oil and natural gas company ITERA increased RAS net profit by 28,5% y/y to RUB 1,222bn (USD 51,17mn) in the first three months of 2008, reported the press-centre of ITERA.

Company’s revenues from natural gas sales went up by 38,5% y/y to RUB 11,3bn in the reporting period.

ITERA supplied a total of 6,454bn m3 of natural gas in Jan – Mar 2008, up by 9% y/y.

In 2007 company’s RAS net profit went up by 23,7% y/y to RUB 2,9bn (USD 122,8mn). Itera has an authorized capital of RUB 60mn and is 99,99%-owned by Cyprus based Itera Holding Limited.