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.
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year