OREANDA-NEWS  On 15 December was announced, that according to IFRS, consolidated revenue (without VAT)* of OJSC “Concern Galnaftogaz" for 9M 2008 increased by 89% and amounted to UAH 4 164,9 mln (compared with UAH 2 202,5 mln for 9 m. 2007). EBITDA (operating profit plus amortization and depreciation) increased by 3.2 times to UAH 339.5 mln (compared to UAH 106.7 mln for 9 m. 2007).  Net income of the Company increased by more than 7 times for 9 m. 2008 and reached UAH 173.1 mln (UAH 24.1 mln for 9M 2007).

Total assets as of 30.09.2008 amounted to UAH 2 757.9 mln. Residual value of property, plant and equipment was equal to UAH 1 765.0 mln and grew by 20.9 % comparing with the beginning of the year. Equity of the Company amounted to UAH 1 012.6 mln.

* in press – release with financial results for 9M 2008 information on revenue according to UAS  was given with VAT.