Russian gas producer Itera posts 76% net profit growth in 9M08

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MOSCOW, November 5 (RIA Novosti) - The Russian natural gas producer Itera said on Wednesday its net profit calculated to Russian Accounting Standards grew 75% year-on-year in January-September to 4.05 billion rubles ($149 million).

Revenues from gas sales in the reporting period grew 46% from a year ago to 30.93 billion rubles ($1.15 billion), Itera said.

Itera, which has authorized capital of 60 mln rubles ($2.2 mln), attributed growth in revenue to higher natural gas tariffs and increased gas sales.

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