Net profit of Transnefteproduct under RAS decreased by 18% to 3.056 bln rub in 2006
Net profit of Transnefteproduct OJSC under RAS decreased by 18% to 3.056 bln rub in 2006 from 3.73 bln rub in 2005, said in the company's announcement.
Company's revenues rose in the reported period by 2% to 10.693 bln rub from 10.479 bln rub. Gross profit decreased by 12% to 5.129 bln rub from 5.8 bln rub, Pretax profit decreased by 15% to 4.289 bln rub from 5.037 bln rub.
Vladimir Putin signed a decree on Transnefteproduct and Transneft's integration. The amalgamation was finished within five months by the means of Transnefteproduct privatization and bringing its shares in Transneft's authorized capital stock. Government's share in the joint company made not less then 75% plus one share.
100% of Transnefteproduct's common shares were brought in Transneft's authorized stock capital as RF's investment.
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.
Transnefteproduct is a monopolist in the sector of the light petroleum products shipment. It is wholly-owned government company.
Company's revenues rose in the reported period by 2% to 10.693 bln rub from 10.479 bln rub. Gross profit decreased by 12% to 5.129 bln rub from 5.8 bln rub, Pretax profit decreased by 15% to 4.289 bln rub from 5.037 bln rub.
Vladimir Putin signed a decree on Transnefteproduct and Transneft's integration. The amalgamation was finished within five months by the means of Transnefteproduct privatization and bringing its shares in Transneft's authorized capital stock. Government's share in the joint company made not less then 75% plus one share.
100% of Transnefteproduct's common shares were brought in Transneft's authorized stock capital as RF's investment.
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.
Transnefteproduct is a monopolist in the sector of the light petroleum products shipment. It is wholly-owned government company.