IFRS net profit of Transneft down 3.6% to RUB 184.4 bln in 2012

In 2012, net profit of Transneft OJSC calculated in compliance with international financial reporting standard fell by 3.6%, year-on-year, to RUB 184.4 bln, the Company reports.

Transneft revenue increased by 9.3% to RUB 732.4 bln. EBITDA gained 11.3% to RUB 324 bln.

Transneft is Russian oil transporting state monopoly (75% of voting shares are controlled by the state) and the largest pipeline company in the world holding about 50,000 km of trunk pipelines.