Net profit of Transneft under RAS up 8.6% to RUB 12.8 bln in 2015

In 2015, net profit of Transneft OJSC calculated under Russian Accounting Standards totaled RUB 12.8 bln (+8.6%, year-on-year), the company states.

Transneft’s revenue increased by 5.5% to RUB 756.93 bln.

Transneft is Russian oil transporting state monopoly (78% of shares, which is 100% of voting shares, are controlled by the state) and the largest pipeline company in the world holding 48,708 km of trunk pipelines.