ALMATY, Kazakhstan (Dow Jones)--London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday its 2008 fourth- quarter net income fell 57.6% on year to 22.74 billion tenge ($151.1 million).
The company's revenue dropped to KZT85.46 billion from KZT148.14 billion, KazMunaiGas Exploration Production, or KMG EP, said in a statement.
KMG EP also said its operating expenses increased to KZT100.02 billion from KZT58.58 billion in the year ago period.