MOSCOW, August 1 (RIA Novosti) - Surgutneftegaz, one of Russia's largest oil companies, said Wednesday its net profit in the first half of 2007, calculated to Russian Accounting Standards, amounted to 39 billion ($1.5 billion), down 18% year-on-year.
In the first six months of last year, the company posted 47.8 billion rubles ($1.9 billion) of net profit.
The oil company is located in the Tyumen Region in West Siberia and has an authorized capital of 43 billion rubles ($1.7 billion). Its securities are included on the Russian Industrial Leaders Index (RUXX ), which currently reflects a free economic index of Russia's top 20 companies whose shares and depository instruments are listed on the world's largest stock exchanges, including the New York Stock Exchange, the London Stock Exchange, Nasdaq and AMEX.
