KazTransOil increases IFRS net profit 70%, revenue 14% in 2023

ALMATY. March 7 (Interfax) - KazTransOil's consolidated 2023 IFRS net profit totaled 32.845 billion tenge, which is a 70% increase versus 2022, the company's consolidated financial statements said.

Consolidated revenue increased 13.6% to 290.385 billion tenge. Gross profit increased 14.7% to 41.527 billion tenge, operating profit grew 2.5-fold to 19.121 billion tenge, and pre-tax profit increased 60% to 39.889 billion tenge.

Assets increased 10% during the year to 1.358 trillion tenge. Liabilities increased 24.3% to 401.511 billion tenge.

JSC KazTransOil is a Kazakh operator of main oil pipelines, and is part of the KazMunayGas group. It owns a 5,400 km-long pipeline network.

The official exchange rate as of March 7 is 447.52 tenge/$1.