Net profit of Transneft under IFRS up 2.4 times to RUB 143.4 bln in 2015
In 2015, net profit of Transneft OJSC calculated under IFRS totaled RUB 143.4 bln, up 2.4 times, year-on-year, the company states.
Transneft’s revenue increased by 5.3% to RUB 41.3 bln.
EBITDA climbed 5.7% to RUB 368.2 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.