Transneft's net profit under IFRS rose by 2% to 54.861 bln rub in 2006

Transneft's net profit under IFRS rose by 2% to 54.861 bln rub in 2006 from 53.814 bln rub in 2005, said Sergey Grigoriev, company's vice-president.
Company's revenues made 202.427 bln rub vs. 181.526 bln rub y-o-y. Pretax profit rose to 80.829 bln rub from 73.435 bln rub.
Transneft occupies a monopolistic position in the market of export oil deliveries by pipeline transport. The company increased oil transportation by 6.3 mil tons to 458.5 mil tons. Consolidated net profit for 2006 made 55.8 bln rub, that nearly corresponds 2005-level. Transneft's authorized capital stock totals 6.22 mil rub. The company issued 4664627 common and 1554875 preferred shares at RUR 1 par. The Government holds 75%(100% voting shares) in Transneft. Preferred shares are held by individuals.
Transneft ranks nine in the list of Russian Leading Companies published by AK&M on Sept 2006.