Apr. 15 Transneft BOD is going to consider the restructuring of Baltic Main Oil Pipelines in the form of the Balttransnefteproduct merger, the company informed.
BOD intends to determine position of Transneft representatives on the agenda of the meetings to be held at Transsibneft, Uralsibnefteprovod, Ural-Siberian Main Oil Pipelines. At these meetings the restructuring of the companies should be discussed.
Transneft (TIN 7706061801) is a monopolist on the crude oil exports market. It keeps 48.505ths km of oil pipelines.
The share capital is worth 7.102mln rub. split in 5546847 common and 1554875 preferred stocks of 1 rub. par. The government has 78.1057% (100% voting); preferred stocks are held by the private persons.
The 2013 net profit (IAS) declined 14.3%% to 158.017bn rub.; revenues rose 2.4% to 749.617bn rub. from 732.375bn rub.; pretax profit dropped to 212.012bn rub. from 234.644bn rub.
The 2013-net profit added (RAS) 5.6% to come to 11.26bn rub. from 10.652bn rub. prior year; revenues increased 2.6% to 704.714bn rub. from 687.14bn rub.; gross profit coming to 95.884bn rub. vs. 102.884bn rub. prior year.