OREANDA-NEWS. July 28, 2010. Galnaftogaz (UX: GLNG UK) released its unconsolidated UAS financial statements for 1H10 yesterday in a filing with the State Securities and Exchange Commission: net revenues increased 75.9% yoy to UAH 4.0 bln, net income rose 13.8% yoy to UAH 161.8 mln.

Concorde Capital: these unconsolidated financial statements are not reflective of Galnaftogaz’ business in 1H10. We recommend investors wait for consolidated financials, which the company is planning to release within the next two weeks.