Net profit of Transneft under RAS up 39% to RUB 2.91 bln in QI'15
In QI'15, net profit of Transneft OJSC calculated under Russian Accounting Standards totaled RUB 2.91 bln (+39%, year-on-year), the company states.
Transneft’s revenue increased by 5.6% to RUB 188.48 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 48,708 km of trunk pipelines.