Transneft says Jan–Sep IFRS net profit falls 8% to 157.7 bln rbl

MOSCOW, Nov 29 (PRIME) -- The net profit of Russian oil pipeline monopoly Transneft fell 7.79% on the year to 157.683 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Friday.

Revenue increased 10.7% to 792.7 billion rubles. Pre-tax profit dropped 6.7% to 194.5 billion rubles.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 20% to 377 billion rubles. Free cash flow increased 54% to 48 billion rubles.

(64.1005 rubles – U.S. $1)

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