Russia's Transneft Says Q1 Net Profit Rises To 75.6B Roubles
MOSCOW, June 3 (Reuters) - First-quarter net profit of Russia's oil pipeline monopoly Transneft increased by 19 percent year-on-year to 75.6 billion roubles ($1.1 billion), the company said on Friday.
Revenues edged up to 204 billion roubles in January-March from 201.5 billion roubles in the corresponding period of 2015.
Transneft's main source of revenues are tariffs for oil and oil products shipments via its vast pipeline network.
(Reporting by Vladimir Soldatkin; Editing by Maria Kiselyova)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Transneft: Oil Supplies to Lukoil's Norsi Refinery Suspended Due to Fire (Oct 05)
- Russia's Transneft and Rosneft Squabble Over Oil Contract Terms (Dec 29)
- Russian Court Turns Down Shareholder Claim Over Transneft Dividend (Nov 18)