Russia's Transneft Says Q1 Net Profit Rises To 75.6B Roubles

Reuters

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)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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