LUKoil posts 2002 results

LUKoil sales revenues calculated in accordance with US GAAP amounted to $15.334bn in 2002, which was a 14-percent gain compared to 2001, the company reported. Operating expenses were $2.403bn, against 2.584bn in 2001. EBITDA was $3.569bn last year.

Some $395m were allocated to dividend payments for 2002, compared to $208m in 2001.

Net income of the company amounted to $1.985bn in 2002. Income before taxes was $2.582bn.

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