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Lukoil's net income USD 3.517 mln in the first quarter of 2011

May 27/2011

(Lukoil) -- Lukoil published consolidated US GAAP financial statements for the first quarter of 2011. The Companys net income was USD 3.517 million in the first quarter of 2011, which is 71.3% higher y-o-y. EBITDA was USD 5.343 million, which is 43.3% higher y-o-y. Sales revenues were USD 29.626 million (+23.9% y-o-y). Positive dynamic of our financial results was mainly due to a sharp increase in hydrocarbon prices in the first quarter of 2011 compared to the respective period of 2010.  


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