Net profit of Transneft under RAS up 2.2% to RUB 8.3 bln in 9M’15

In January-September’2015, net profit of Transneft OJSC calculated under Russian Accounting Standards totaled RUB 8.3 bln (+2.2%, year-on-year), the company states.

Transneft’s revenue increased by 4.7% to RUB 564.89 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.