Gazprom Neft revenue over six months 2011 exceeds 21bln dollars

MOSCOW, August 6 (Itar-Tass) —— Revenue of Gazprom Neft over first six months of increased compared to a similar period of 2010 by 39 percent to 21.34 billion dollars, the company reports.

“Earnings before payments if interest, income taxes and depreciation /EBITDA/ in the first half of 2011 reached 4.94 billion dollars, which is by 58 percent more against the similar period of2010,” – the company said.

Net profit in the first half of 2011 increased by 74 percent /to 2.60 billion dollars/ against first six months of 2010, primarily due to EBITDA growth.

The growth of operating cash flow over six months of 2011 against the similar period of 2010 increased by six percent /2.51 billion U.S. dollars/.


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