In the Q1 2014 "Tatneft" increased its IAS net profit by 43.7%.

In the Q1 2014 the net profit of JSC "Tatneft" according to International Financial Reporting Standards (IFRS) increased by 43.7% - up to 24 billion 391 million roubles, the report stated. In Q1 2013 it was 16 billion 974 million roubles.

The consolidated sales and other operating income excluding the export duties and the excise taxes for the period amounted to 116 billion 740 million roubles compared to 106 billion 554 million roubles in Q1 2013.

The total value of the consolidated assets of "Tatneft" rose from 674 billion 089 million roubles on December 31, 2013 up to 714 billion 221 million roubles as of March 31, 2014. The total amount of the consolidated liabilities increased from 170 billion 107 million rubles on December 31, 2013 up to 184 billion 533 million roubles as of March 31, 2014.