OAO Uralneft reports its net profit declined by 20.94%: the figure came to 18.93 million RUR over the current financial period, whereas in the previous financial period, the net profit amounted to 22.89 million RUR, the company says. Uralneft does not specify, however, what exactly the term ‘financial period’ stands for.

The enterprise explains the decrease in net profit was brought about by shrinking sales of goods and services.