OREANDA-NEWS. On 22 May 2008 was announced, that as based on RAS, the net profit of ITERA Oil and Gas Company went 47.6% up to Rub 2.934 billion in 2007.

The net profit growth mainly resulted from a 23.6% increase in gas sales proceeds from Rub. 24.013 billion in 2006 to Rub. 29.695 billion in 2007. The net profit of the Company increased by Rub 1.690 to Rub 4.192 in 2007.

The Company assets’ value was Rub. 29.985 billion in 2007, a 15.4% growth if compared to that of  2006.