2016 June 6 12:32

Net profit of Transneft under IFRS up 19.2% to RUB 75.6 bln in QI’2016

In January-May 2016, net profit of Transneft OJSC calculated under IFRS totaled RUB 75.6 bln, up 19.2%, year-on-year, the company states.

Transneft’s revenue increased by 1.3% to RUB 204 bln.

EBITDA climbed 5.9% to RUB 107.3 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.