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15

TNK-BP Announces Growth In Annual Net Sales

TNK-BP Holding's net sales under US GAAP grew 12.16 percent to $24.9bn in 2007 compared to a year earlier...

TNK-BP Holding's net sales under US GAAP grew 12.16 percent to $24.9bn in 2007 compared to a year earlier, the Russian-British oil producer's press office reported.

EBITDA fell 14.7 percent to $8.7bn, and net profit slipped 11 percent to $5.7bn.

Meanwhile, adjusted for the divestment of Udmurtneft in 2006, TNK-BP's net profit rose 37 percent in 2007 compared to the previous year.