Russia's Transneft reports 3.6% fall in second-quarter profit
Published by Global Banking and Finance Review
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Published by Global Banking and Finance Review
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Transneft's Q2 profit fell by 3.6% to 73.1 billion roubles, while revenue rose by 2.8% to 357.9 billion roubles, highlighting financial challenges.
MOSCOW (Reuters) -Second-quarter net profit of Russia's oil pipeline monopoly Transneft fell by 3.6% to 73.1 billion roubles ($904.19 million), the company said on Friday.
Revenue edged up by 2.8% to 357.9 billion roubles during the period.
($1 = 80.8455 roubles)
(Reporting by Anton Koldyazhnyy Writing by Maxim RodionovEditing by Louise Heavens)
Net profit is the amount of money that remains after all expenses, taxes, and costs have been deducted from total revenue. It is an important indicator of a company's profitability.
Revenue is the total income generated by a company from its business activities, typically from the sale of goods and services, before any expenses are deducted.
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