Source Pravda.Ru

YUKOS to post its 2002 financial results

The Russian oil company YUKOS will post its consolidated 2002 financial results made in accordance with the US GAAP, the company's press service reported.

The YUKOS's net profits in the first nine months of the year 2002 amounted to $2.07bn, which is 6.2 percent lower than in the same period of 2001. The operating revenues including the revenues from sales came to about $7.949bn in the reported period gaining 5.5 percent against the same period of 2001. The oil and gas production cost totaled $1.4 per barrel of oil, plunging 21.3 percent against the same period of 2001.

The average volume of general economic expenditures and administrative expenses for oil and gas production came to $0.32 per barrel of oil, going down by 13.5 percent against the previous year. The company's EBITDA amounted to $3.054bn dropping 6.8 percent against the same period of 2001.

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