Transneft RAS net profit plummets to 4.2 bln rbl in January–June

MOSCOW, Jul 18 (PRIME) -- The net profit of Russian oil pipeline monopoly Transneft plummeted to 4.2 billion rubles in January–June from 28.1 billion rubles in the same period of 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report on Wednesday.

Revenue grew 8.8% on the year to 450.2 billion rubles in the period.

(62.4352 rubles – U.S. $1)

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