Gazprom Neft's quarterly revenue up slightly

Gazprom Neft's revenue under Russian Accounting Standards (RAS) edged up 0.84 percent to over RUR85.563bn (approx. USD3.32bn) n the first quarter of 2007 compared to the same period a year earlier, the company's Q1 report states according to RBC. Cost of sales increased 0.91 percent to about RUR59.925bn (approx. USD2.32bn), gross profit grew 0.67 percent to around RUR2.638bn (approx. USD102m), pretax profit rose 6.05 percent to more than RUR16.335bn (approx. USD633m).