OREANDA-NEWS. April 18, 2011. ITERA Oil and Gas Company’s financial indicators prepared under the RAS improved materially in 2010 compared to the 2009 crisis year. The Company’s revenues increased by 12.7 percent up to 39.3 billion Rubles, its sales profit increased by 54.7 percent up to USD 9 billion Rubles, and the net profit increased by 51.5 percent up to 6.2 billion Rubles.

The growth of ITERA Oil and Gas Company’s profit and revenues is principally due to increase of its own gas sales volumes. In 2010, ITERA Oil and Gas Company supplied 19.2 billion cubic meters of gas to consumers, including 12.7 billion cubic meters of its own gas, which production doubled compared to the previous year.

ITERA Oil and Gas Company’s return on sales in 2010 increased by 4%, compared to 2009, to reach 15.8%.