MOSCOW, March 28 Surgutneftegaz,
Russia's fourth-largest oil company, on Thursday reported a 31
percent year-on-year fall in net profit in 2012 to 160.94
billion roubles ($5.18 billion).
The results are under Russian Accounting Standards. Surgut
is expected to start reporting under international accounting
standards from this year at the latest.
The company did not give reasons for the lower profits in
2012, when oil prices were stronger than in 2011. Its revenues
rose to 815.6 billion roubles from 754.3 billion in 2011.
($1 = 31.0844 Russian roubles)
(Reporting by Maria Kiselyova; Editing by Maya Dyakina and