UPDATE: Transneft IFRS net profit rises 22% to 113 bln rbl in Jan–Jun

(Adds details in last 3 paragraphs)

MOSCOW, Aug 29 (PRIME) -- The net profit of Russian oil pipeline monopoly Transneft grew 22.4% on the year to 112.728 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Thursday.

Revenue increased 12.3% to 520.284 billion rubles.

Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 19% to 248 billion rubles.

Free cash flow increased 2% to 33 billion rubles.

Total debt fell 13% to 678 billion rubles.

(66.4127 rubles – U.S. $1)

End