Source Pravda.Ru

TNK International posts net profits under US GAAP

In 2002, net profits of TNK International under the US GAAP gained $49m to $1.166bn against $1.117bn in 2001, the company's report says. Its net profits reached $402.3m in the fourth quarter of 2002 as compared to $89m in the corresponding period of 2001.

In the fourth quarter of 2002, the company's EBIDTA jumped 36 percent against the similar figure of 2001 to $531.3m. In 2002, EBIDTA sagged 6 percent to $1.991bn. Net revenues of TNK International rocketed 67 percent in the fourth quarter of 2002 and amounted to $1.937bn. In 2002, net revenues surged 17 percent to $6.075bn.

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