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Russia's Transneft net profit up 80 pct in Q1 y/y

MOSCOW, July 2 (Reuters) - Russia's oil pipeline monopoly Transneft TRNF_p.MM said on Friday that its first-quarter net profit rose by more than 80 percent to 33.7 billion roubles ($1.09 billion) from 18.6 billion a year earlier.

The company’s revenue rose to 102.8 billion roubles in the first three months of the year from 85.2 billion in the first quarter of 2009.

Reporting by Katya Golubkova; Writing by Lidia Kelly

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