The profit of Transneft under IFRS for 9 months increased by 39%

AK&M 30 November 2021 13:28

The profit of Transneft due to shareholders under IFRS for 9 months of 2021 increased by 39% to RUB 152.8 billion from RUB 110.1 billion a year earlier. Revenue increased by 12% to 805.8 billion rubles from 716.4 billion rubles, EBITDA increased by 4% to 355.9 billion rubles from 341.9 billion rubles. This is stated in the company's message.

PJSC "Transneft" (TIN 7706061801) holds a monopoly position in the market of oil exports by pipeline transport. The Transneft Group has the world's largest oil pipeline system, amounting to 48.505 thousand km. The authorized capital of the company is 7.249 million rubles, 5649468 ordinary and 1554875 preferred shares were issued with a par value of 1 rub.

The profit due to shareholders of PJSC Transneft, according to IFRS for 2020 decreased by 26% to 133 billion rubles from 179 billion rubles a year earlier. Revenue decreased by 10% to 962 billion rubles from 1.06 trillion rubles, EBITDA - by 9% to 443 billion rubles from 486 billion rubles. Adjusted revenue (excluding crude oil purchase and sale transactions under contracts with Rosneft PJSC and China National United Petroleum Corporation) decreased by 6% to RUB 821 billion from RUB 877 billion.