MOSCOW, May 15 (RIA Novosti) - Tatneft, Russia's sixth-largest oil company, posted on Thursday a 42% year-on-year increase in its net profit calculated to Russian Accounting Standards (RAS) to 9.6 billion rubles ($401.5 million) in January-March 2008.
The company's revenue rose 55.3% year-on-year in the reporting period to 58.6 billion rubles ($2.5 billion).
Last year Tatneft, which accounts for 80% of oil output in Russia's Volga republic of Tatarstan, produced 25.7 million metric tons (189 million bbl) of oil, up 1.3% against 2006.
