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MOSCOW, March 29 Surgutneftegas,
Russia's fourth-largest oil company, reported a 81 percent
year-on-year rise in 2011 net profit to 233.158 billion roubles
($7.93 billion), the company said on Thursday.
The results are to Russian Accounting Standards. Surgut is
expected to start disclose its financials to international
standards starting from 2013 at the latest.
Troika Dialog analysts say that under the company's payout
policy, the dividend on the preferred shares will come to 2.148
roubles per share, for a 10.3 percent yield.
The company did not give the reason for bigger profits in
2011 when oil prices were stronger than in 2010.
($1 = 29.3845 Russian roubles)
(Reporting by Vladimir Soldatkin; Editing by Lidia Kelly)