Net profit of Transneft group under IAS grew by 2.4 times in 2015
Edited by Rhod Mackenzie / 2016-04-07 11:00:26
The net profit of Transneft group under IAS in 2015 rose by 2.4 times to 143.4 bln roubles.
The revenue of the group rose by 41.3 bln roubles or 5.3% primarily by means of revenue growth from services on oil and oil products pumping.
The revenue from rendering services on oil pumping in 2015 rose by 59 bln roubles or 11.8% as a result of the change of tariffs, volumes of oil pumping and cargo turnover, as well as introduction of new tariffs.
The group’s EBITDA in 2015 rose by 19.8 bln roubles or 5.7% against 2014 and made up 368.2 bln roubles. The main reason of the net profit and EBITDA growth in 2015 is the increase of revenue from rendering services on oil and oil products pumping.
