YUKOS posts net profit of $947 million in 2001

Net profit of YUKOS, a Russian oil company, according to Russian accounting standards, was RUR29.6 billion (around $946.9 million) in 2001, an increase of 312 per cent from the figure of 2000, according to the information disclosure system of the National Association of Stock Market Participants of Russia. Non-production revenues of YUKOS were RUR34.1 billion (around $1.09 billion) in 2001, an increase of 114 per cent as compared to 2001, while operating revenues dropped 22 per cent to RUR28.4 billion (around $908.5 million). The costs of the company decreased 17 per cent to RUR18.18 billion (around $581.6 million) in 2001. Additionally, the company's fixed assets rose 147 per cent to RUR8,44 billion (around $270 million), non-current assets increased 29 per cent to RUR64.2 billion (around $2.05 billion). At the same time, the company's current assets dropped 16 per cent to RUR54.42 billion, YUKOS' debt decreased 26.6 per cent to RUR30.57 billion (around $977.9 million), while the company's receivables rose 11 per cent to RUR86.11 billion (around $2.75 billion).

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Author`s name Editorial Team