Transneft posts 1H 2011 net profit of 129.9 billion roubles
Russian oil transportation monopoly, Transneft, has posted a 1H 2011 net profit of 129.9 billion roubles under IFRS.
The net profit jumped 150% year on year from 55.3 billion roubles posted for 1H 2010 to 129.9 billion roubles, with revenues also skyrocketing 40% year on year to 296.5 billion roubles from 208.2 billion roubles a year earlier.The 1H result includes a 2Q net profit of 45.054 billion roubles, also 150% year on year growth, with sales revenue soared to 147.3 billion roubles from 105.4 billion roubles posted for the same period in 2010.
You can share this story on social media: