Russia’s Transneft Jan–Jun RAS net profit plunges 80% to 10 bln rbl

MOSCOW, Aug 15 (PRIME) -- The net profit of Russian oil pipeline monopoly Transneft plunged by about 79.6% on the year to 9.9 billion rubles in January–June, as calculated under Russian Accounting Standards (RAS), the company said in a report Monday.

Revenue increased by 5.81% on the year to 397.688 billion rubles in the period.

(64.3364 rubles – U.S. $1)

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