In 2013, Tatneft’s net profit under IAS decreased by 4% to 71 billion rubles

In 2013, the net profit of Tatneft, which is one of the ten largest Russian oil companies, decreased by 4% as compared with 2012 and made up 71 billion rubles, the Prime reports.

The proceeds grew by 2.4% to 454.98 billion rubles (+12.9 billion rubles). The company’s costs increased by 2.4% and made up 350.57 billion rubles (+9.95 billion rubles) and the pretax profit fell by 0.5% to 101.3 billion rubles (-2.87 billion rubles).