Net profit of Transneft under IFRS up 12.5% to RUB 134.6 bln in HI’2016

In January-June 2016, net profit of Transneft OJSC calculated under IFRS totaled RUB 134.6 bln, up 12.5%, year-on-year, the company states.

Transneft’s revenue increased by 2.5% to RUB 417.4 bln.

EBITDA climbed 5.8% to RUB 207.8 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.