Russia's Transneft Q2 net income rises 21 pct y/y
MOSCOW Aug 29 (Reuters) - Russia's state-owned oil pipeline monopoly Transneft said on Thursday its second-quarter net profit rose 21 percent, year-on-year, to 41.7 billion roubles ($1.26 billion), helped by lower forex exchange losses than a year ago.
The company, which carries oil through Russia's 50,000 km-long network of pipelines, increased revenues by 3 percent in the period to 185.5 billion roubles, it said in a statement. ($1 = 33.1985 Russian roubles) (Reporting by Maria Kiselyova; Editing by Douglas Busvine)
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