Net profit of Zhaikmunai LP, following operational results for 9 months of 2011, increased by 80.3% and was $54.5 million

28.11.11 17:24
/IRBIS, November 28, 2011/ - Kazakhstan Stock Exchange (KASE) published on its website a report on the Review of the Consolidated Financial Statements LLC "Zhaikmunai" (Uralsk) for January-September 2011 at http://www.kase.kz/en/emitters/show/zhmn. According to unaudited data, the company's assets as of September 30, 2011 amounted to $ 1,272.6 million, 11.9% increase from the end of 2010. Value of the assets of the company sat down with the year increased by 13.1% to $ 1,081.5 million. Long-term liabilities of the company for the third quarter of 2011 with the beginning of the year increased by 3.9% to $ 578.2 million. On the basis of reporting period current liabilities increased by 70.0% since the beginning of the year and totaled $136.3 million. For the three months ended September 30, 2011, Zhaikmunai LP received income from crude oil sales of $ 63.7 million, up 19.9% over the same period in 2010. Gross income for the period grew by 47.3% compared with the results of the third quarter of 2010 and totaled $ 52.5 million net profit for the activities in the third quarter of 2011 increased by 73.6% to $ 18.5 million However, in January-September 2011 from the sale of crude oil the company had obtained revenue of $ 189.6 million, 48.4% increase from the first 9 months of 2010. Gross income for the period grew by 67.5% as compared with January-September 2010 and amounted to $ 150.0 million Net profit for 9 months ended September 30, 2011, increased by 80.3% and was $ 54.5 million [2011-11-28]