Significant Drop In Revenues Of Tatneft During 9m 2009
•Companys consolidated revenues in the nine months of 2009 totaled 273683 million Rubles (US$ 8426 million) as compared to 378066 million Rubles (US$ 15720 million) in the same period of 2008. The consolidated net income for the nine months of 2009 was 47151 million Rubles, representing 56% increase (US$ 1452 million) as compared to 30397 million Rubles (US$ 1264 million) in the nine months of 2008. The main factor of net profit growth was good implementing of costs cutting program.
•Total consolidated assets of the Company increased from 392980 million Rubles (US$ 13376 million) as of December 31, 2008, to 473271 million Rubles (US$ 15729 million) as of September 30, 2009. Total consolidated liabilities of the Company increased from 128121 million Rubles (US$ 4361 million) as of December 31, 2008, to 168617 million Rubles (US$ 5604 million) as of September 30, 2009.
Read more in following report:
Tatneft (TATN), TATN 9m 2009 Analyst Update 12/16/09
•Companys consolidated revenues in the nine months of 2009 totaled 273683 million Rubles (US$ 8426 million) as compared to 378066 million Rubles (US$ 15720 million) in the same period of 2008. The consolidated net income for the nine months of 2009 was 47151 million Rubles, representing 56% increase (US$ 1452 million) as compared to 30397 million Rubles (US$ 1264 million) in the nine months of 2008. The main factor of net profit growth was good implementing of costs cutting program.
•Total consolidated assets of the Company increased from 392980 million Rubles (US$ 13376 million) as of December 31, 2008, to 473271 million Rubles (US$ 15729 million) as of September 30, 2009. Total consolidated liabilities of the Company increased from 128121 million Rubles (US$ 4361 million) as of December 31, 2008, to 168617 million Rubles (US$ 5604 million) as of September 30, 2009.
Read more in following report:
Tatneft (TATN), TATN 9m 2009 Analyst Update 12/16/09
