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.

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)