29 Mar 2010 15:44

Transneft boosts net profit 5.7% to 3.893 bln rubles in 2009

MOSCOW. March 29 (Interfax) - Russian oil pipeline operator Transneft posted a net profit of 1.261 billion rubles in the fourth quarter of 2009 under Russian accounting standards, the company said in a statement.

Transneft had a net profit of 2.632 billion rubles in the first nine months of 2009. Thus, the profit for the full year was 3.893 billion rubles, 5.7% more than in 2008.

The fourth quarter profit was three times higher than the profit in the third quarter and 40% higher than in the same quarter of 2008.