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7 Aug, 2009 12:33

Transneft posts 1Q 2009 Net Income of 19.2 billion Roubles

Transneft posts 1Q 2009 Net Income of 19.2 billion Roubles

Russian oil pipeline operator Transneft has posted a 1Q 2009 net income of 19.2 billion Roubles under IFRS.

The bottom line is down from the 23.2 billion Roubles Net Income posted for 1Q 2008, with EBITDA increasing 50% year on year to 56.1 billion Roubles and Revenues growing 35% year on year to 85.2 billion Roubles.