Transneft President Reveals Expected Profit Figure

14.10.2002 10:01

According to preliminary calculations, undistributed profit of Transneft is expected to be some 32bn rubles ($1.01bn) this year, Semyon Vaynshtok, president of the oil company, declared at a press conference devoted to the Russian Oil and Gas Week, responding to an RBC question. He was also quoted as saying that sales revenues would be some 90bn rubles ($2.84bn) this year.

As it was reported earlier, the company's net profit in 2001 amounted to 21bn rubles ($663m), consolidated revenues were 67.5bn rubles ($2.13bn).

Subscribe to Pravda.Ru Telegram channel, Facebook, RSS!

Author`s name Editorial Team

North group of Russian forces to target Kharkiv as part of major offensive

Russian military social media began to promote the Sever (North) group of troops of the Russian Armed Forces. The group is known for its tactical sign N and its goal is an offensive on Kharkiv