The third quarter appeared for "Bashneft" the most productive

Luboth Kolokolova

The net profit of "Bashneft" Group of companies made 547 million US dollars in the third quarter of the current year, that is by 62,3 % exceeds the level of the second quarter of this year.

For 9 months the net profit of Group of companies made 1,328 billion dollars, that is by 1,5 % exceeds the similar indicator of 2011. Thus the volume of net cash received fr om operational activity, for three quarters increased by 17,5 % in comparison with the same period of 2011 – to 1,817 billion dollars. Growth of cash flow from operations allowed "Bashneft" to increase capital-expenditure expansion by 5,9 %, to carry out dividends payment for 2011 and to perform obligations on securities repayment from shareholders within the lim its of "Bashneft" transition to a unified share.

The oil recovery at "Bashneft" deposits made 11,529 million tons in January-September this year, that by 2,4 % exceeds the corresponding indicator of the last year, the company press release reports.

#bashneft #profits #oil recovery

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