OREANDA-NEWS. September 11, 2007. The net profit of ITERA OIL and Gas Company, LLC, in the first half of 2007 went up 68.5 per cent under RAS to 1 617 685 thousand Rubles, if compared to the same period of last year.

The net profit growth is attributed to increased natural gas selling price and, as a consequence, increased sales revenue from 12.255 billion Rubles (without VAT) in the first half of 2006 to 15.007 billion Rubles  (without VAT) in the first half of 2007. At that, the growth of cost of products sold, was just 11.6%.

Thanks to it, the Company managed to increase profit on sales in January-July of 2007, to 2.305 billion Rubles, which amount is 753.186 million Rubles bigger than that index amount in the same period of last year.