Transneft H1 Net Profit Down 15%
First-half net profit of Russian oil pipeline monopoly Transneft declined by 15 percent to 113.86 billion roubles ($1.9 billion) from the year-earlier period, the company said on Friday.
The company's revenue rose by 5 percent year on year to 438.3 billion roubles.
Transneft receives revenues mainly from shipping oil and oil products via its vast pipeline network.
($1 = 59.0875 roubles)
(Reporting by Vladimir Soldatkin; Editing by Andrey Ostroukh)
(Reporting by Vladimir Soldatkin; Editing by Andrey Ostroukh)
