Russian independent Alliance Oil said Tues- day that net profits slumped 34.4% in 2010 to $226.3 million. But revenues rose to $2.2 bil- lion from $1.73 billion the year before, buoyed by higher prices and demand. Fourth- quarter net profit dropped nearly threefold to $61.3 million, while revenues grew to $582.2 million. Earnings before interest, income tax, depreciation and amortization (Ebitda) jumped 313% to $118.5 million.
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