"Saratovneftegas" increased net profit in the III quarter by 31%

According to the results of the third quarter of the last year net profit of the company amounted to 425.635 million rubles. Thus, the figure grew by 31.2%.
In the first half of the year 2010 net profit of "Saratovneftegas" amounted to 549.528 million rubles. Thus, in January-September of the current year net profit of the company equalled 1 billion 108.082 million rubles and the growth amounted to 38.1% as compared with the analogous period of the last year.
The report says, the net profit of "Saratovneftegas" in the third quarter grew by 19% in comparison with the figure of the second quarter of 2010 "due to increasing the volumes of oil and gas sales". "Saratovneftegas" is engaged in oil and gas production. OAO "RussNeft" owns 96.0899 of the charter capital of "Saratovneftegas" (99% of ordinary shares) This package is in nominal holding of the Savings Bank of Russia (RTC: SBFR).