Transneft IFRS net profit down 17.3% to 18.643 bln rubles in Q1

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Transneft IFRS net profit down 17.3% to 18.643 bln rubles in Q1

MOSCOW. Aug 7 (Interfax) - Russian oil pipeline operator Transneft saw first quarter net profit fall 17.3% to 18.643 billion rubles under International Financial Reporting Standards (IFRS), the company reported.

Revenue rose 33% in the quarter year-on-year to 85.190 billion rubles. Operating profit was up 51% to 45.593 billion rubles, while pretax profit fell 22.3% to 24.188 billion rubles.

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