Itera Revenue Grows Almost 50 Percent in First Half 2011

August 17, 2011
Itera increased its sales of gas and oil in the first half of 2011 by 49.6 percent compared to the same period in 2010, the company reported in a news release.

The growth in revenue is due to increased sales volumes and a higher tariff.

The company provided consumers with 11.2 billion cubic meters of gas in the first half of the year, of which 6.6 billion cubic meters of gas was produced by the company itself.

Operating profits from January-June 2011 were 5 billion roubles.