[Goldfisch]

13/01/2006
15:34 Lukoil net profit for nine months of 2005 grew by 55.1%.

Lukoil net income for nine months of 2005 was $4,801 million, which is an increase of 55.1% y-o-y. At the same time total tax expenses exceeded $13 billion, which is almost 85% higher than in the same period of 2004. Taxes paid in Russia (including mineral extraction tax, tariffs, excise etc.) to the sales revenue of Lukoil Russian subsidiaries for 9 months of 2005 was 50.3%.

The increase in net income resulted from favorable market conditions as well as from costs control. At the same time the growth of net income was restrained by an increase of tax burden, strengthening of the ruble against the dollar and rise in transportation costs.

EBITDA was $7,657 million, which is 46.7% higher than in the same period of 2004. Revenue from sales for nine months of 2005 was $40,238 million, which is 66.2% higher y-o-y.

Total capital expenditures including non-cash transactions were $2,918 million in nine months of 2005, which is an increase of 26.8% y-o-y.



"AK&M", 13/01/2006 12:36