YUKOS to release US GAAP financial report for first half of 2002 on October 24

YUKOS, a Russian oil company, will report its consolidated financial results in the second quarter and the first half of 2002 according to US GAAP on October 24, 2002, the press service of the company reported. The teleconference of the YUKOS management for the financial community will be held on the same day and will be broadcast at the company's web site. As it was reported earlier, according to the company's report (US GAAP) that was issued on September 25, 2002, in the first quarter of this year YUKOS' net profit was posted at $462m, down from $526m reported in the first quarter of 2001. The company's sales and other operating revenues were $2.009bn, down from $2.412bn posted in the similar period last year. YUKOS' operating costs were $319m, 10.8 percent up from the figure reported in the first quarter of 2001. The company's EBITDA was $692m, down from $1.017bn reported in the similar period of 2001.

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