Transneft increased net profit under RAS 1.5 times to 4.5 bln roubles in Q1

The net income of JSC “Transneft” under RAS increased 1.5 times in the first quarter of 2016 year-on-year. It reached 4.485 billion roubles.

The company’s revenue increased 3.3% over the accounting period and made up 194.724 billion roubles. The gross profit increased by 6.9% to 15.792 billion roubles, profit before taxation – by 55% to 5.677 billion roubles.