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Tatneft reports RAS results
RBC, 08.11.2005, Almetyevsk 19:23:11.Tatneft's net profit calculated according to the Russian accounting standards increased by 50 percent to RUR29.469bn (approx. USD1.02bn) in January through September 2005 compared with the same period last year. Sales proceeds stood at RUR129.05bn, or approx. USD4.48bn, (up by 20.32 percent from 2004). Prime cost went up by 11.13 percent to RUR77.64bn (approx. USD2.7bn), sales profit grew by 50 percent to RUR29.59bn (approx. USD1.02bn), and income before tax rose by 47.34 percent to RUR39.97bn (approx. USD1.39bn). Tatneft's short-term accounts receivable sank by 11 times to RUR826.9m (approx. USD28.76m), while short-term accounts payable surged by 16.6 percent to RUR28.18bn (approx. USD980m).
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