April 30, 2013 / 6:21 AM / in 5 years

Russia's Surgut discloses $29 bln cash hoard

MOSCOW, April 30 (Reuters) - Russia’s No.3 oil firm Surgutneftegas on Tuesday disclosed a cash pile of 897.61 billion roubles ($29 billion) as of Dec. 31, as it reported results to International Financial Reporting Standards for the first time in more than 10 years.

Surgutneftegas, the most reclusive of Russia’s publicly-traded companies, said its 2012 IFRS net income stood at 180.12 billion roubles, compared to 160.94 billion roubles it reported in March under Russian Accounting Standards. ($1 = 30.9212 Russian roubles) (Reporting by Vladimir Soldatkin; Editing by Douglas Busvine)

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