Wednesday, April 15, 2009

"Gazprom oil" to increase the annual revenues of US GAAP to record levels

"Gazprom oil" in 2008 showed a substantial increase in financial indicators on standards US GAAP. For example, the company earnings for the year increased compared to 2007 by 52% - up to a record high of $ 33.075 trillion, the report says the company. At the same time in the 4 th quarter of last year, revenues fell by a quarter on a similar measure in 2007 - up to $ 4988 billion net profit "petroleum Gazprom" increased by 12% - up to $ 4658 billion Meanwhile, on the basis of the 4 th quarter the company received a net loss of $ 543 million operating profit the company has grown to the end of the year in 1,3 times - up to $ 6249 billion, pretax profit increased by 12% - up to $ 6122 billion annual rate of EBITDA (income before income tax, interest, amortization, minority interest, currency, and other costs) was $ 7.965 trillion, adding to the year 2007 compared to 28%. In the 4 th quarter of this figure has decreased compared to the 4 th quarter of 2007 in 8,6 times - up to $ 204 million as stated in the message, "Gazprom oil", the growth of financial indicators for the outcome of the whole of 2008 due to favorable pricing environment for the external markets, increases in processing and sales of petroleum products in Russia, as well as the activities of management to improve operating efficiency. Constraints increases the tax burden, increase in transport fares and cost of energy. Reducing the financial results for the 4 th quarter of 2008 relates to the sharp decline in oil prices, lagging the decline of export duties and the impact of exchange rate changes. This positive effect was achieved from the sale of anti-crisis program to reduce operating costs (-11% compared to the 4 th quarter 2007).

No comments: