23:07 GMT +318 January 2018
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    Tatneft to issue 2004 report under GAAP by June 1

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    MOSCOW, March 24 (RIA Novosti) - Russian state-owned oil company Tatneft is expected to issue its 2004 U.S. GAAP Financial Results by June 1, the company said Friday.

    The company expects its 2005 unconsolidated revenues, according to Russian accounting standards, to be around 170 billion rubles ($5.9 billion), and to post a pre-tax profit of about 50 billion rubles ($1.74 billion), a 13% and 20% increase year-on-year, respectively.

    Tatneft's charter capital amounts to 2.32 billion rubles (about $84 million). The company operates in the Volga republic of Tatarstan. The republic's government owns a majority stake.

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