MOSCOW, April 3 (RIA Novosti) - Gazprom Neft [RTS: SIBN] said Tuesday its unconsolidated net profit in 2006 increased 47.7% to 62.829 billion rubles ($2.4 billion).
The company, known as Sibneft before it was taken over by Russian energy giant Gazprom, said its net profit in October-December 2006 was 15.162 billion rubles ($583 million).
The company said its net profit in the fourth quarter of 2006 fell 14.2% on the third quarter of the same year, attributing the fall to "reduced prices of oil and oil derivatives, as well as declining sales."
