Transneft posts QI net profit of RUB 3.3 bln

In the first quarter of 2013, net profit of Transneft calculated under Russian Accounting Standards totaled RUB 3.3 bln (+30.6%, year-on-year), the company announced.

In the accounting period, Transneft revenue climbed by 1.6% to RUB 173.8 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.