Russian oil pipeline monopoly Transneft has reported an almost 70% rise in its 2009 earnings to RUR121.8bn ($3.9bn) from RUR72.5bn a year ago.
Profit attributable to shareholders reached RUR120.4bn, up 71% from 2008, the company said.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Transneft, which owns most of the oil and refined product pipelines in Russia, said its sales, under International Financial Reporting Standards (IFRS), increased 28% to RUR351.05bn.
