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Energy

Russia's Tatneft passes $1bln mark on 9-mo profit

MOSCOW, Dec 21 (Reuters) - Russian mid-sized oil firm Tatneft TATN3.MM posted a nine-month profit of 29.5 billion roubles ($1.19 billion) on Friday. The firm said its revenue for the first nine months of this year through to September 30 was 258.4 billion roubles ($10.44 billion).

Earnings before interest, taxation, depreciation and amortisation (EBITDA) were 49.1 billion roubles ($1.98 billion).

The results, calculated by U.S. GAAP standards, had not been audited, the firm said.

The company did not provide last year’s results for the same time period for a comparison.

Tatneft is controlled by the republic of Tatarstan’s government, located in Russia’s Volga region.

Reporting by Amie Ferris-Rotman

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