JSC Gazprom Neft has published consolidated financial results for 2006

JSC Gazprom Neft has published consolidated financial results for 2006

According to consolidated US GAAP financial results released today, in 2006 JSC Gazprom Neft revenues increased by 38% up to $20,2 bln. in comparison with the previous year.

Earnings before taxes, interest, depreciation and amortization (EBITDA) rose 27% up to $5,2 bln.

In spite of tax burden growth which is higher then 41%, JSC Gazprom Neft net income increased by 31% up to 3,7 bln in comparison with 2005 year results.

Key Gazprom Neft Financial Figures

(million USA dollars) 2006 2005
Revenues 20 172 14 585
EBITDA 5 168 4 061
Net income 3 661 2 805