OREANDA-NEWS  On 16 September was announced, that according to IFRS, consolidated revenue of OJSC “Concern Galnaftogaz" for the 1H 2008 increased by 92% and amounted to UAH 2 529,7 mln (compared with UAH 1 317,5 mln for the 1st H 2007). Operating EBITDA (operating profit plus amortization and depreciation) increased by 3.1 times to UAH 230.3 mln (compared to UAH 73.9 mln for the 1st H 2007). Net income of the Company increased by more than 6 times for the 1st H 2008 and reached UAH 117.2 mln (UAH 17.9 mln for 1st H 2007).

Total assets as of 30.06.2008 amounted to UAH 2 619.4 mln. Residual value of property, plant and equipment was equal to UAH 1 633.2 mln and grew by 11.9 % comparing with the beginning of the year. Equity of the Company amounted to UAH 956.7 mln.

The Company sold through it's FS network nearly 314 ths tons of oil products.