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Tatneft reduced net profit.

The 2013 net profit at Tatneft declined 4% (IAS) to 70.832bn rub. from 73.473bn rub., the company informed.

The revenues moved up 2.4% to 454.983bn rub. from 444.099bn rub.; pretax profit being down 0.5% to 101.3bn rub.

The 2013-short term debts moved up 8.7% to come to 83.2bn rub.

including loans - 14% to 36.561bn rub.; long term debts dropped 20% to 86.934bn rub.

Tatneft (TIN 1644003838) is ranked as the sixth in the list of the oil producers by the output in Russia. It has 870mln ton in proved reserves. In

2012 26.005mln ton of the crude were gushed out (0.3% in rise).
The 9-month 2013-net profit (IAS) declined 7% to 55.141bn rub.; revenues being up 0.1%% to 334.639bn rub.; EBITDA being down 3% to 92.948bn rub.

In 9-month 2013 net profit (RAS) was pushed down 10% to 50.731bn rub. from 56.11bn rub. prior year. The revenues moved up 3% to 267.06bn rub. from 259.628bn rub.; gross profit being down 3% to 103.34bn rub

"AK&M", 04.04.2014


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