Gazprom Neft first half net profit up 42 pct to $1.5 bln

First half 2010 net profits at Gazprom Neft, the oil division of Russia's energy giant Gazprom, rose 42 percent year-on-year to $1.501 billion to U.S. GAAP, slightly exceeding analysts' expectations, the company said on Wednesday.

First half 2010 net profits at Gazprom Neft, the oil division of Russia's energy giant Gazprom, rose 42 percent year-on-year to $1.501 billion to U.S. GAAP, slightly exceeding analysts' expectations, the company said on Wednesday.

Revenue rose 61 percent to $15.322 billion, Gazprom Neft said in a statement.

Analysts expected a net profit of $1.46 billion and revenue of $14.915 billion.

MOSCOW, August 18 (RIA Novosti)