Russia apos;s Transneft Reports 13 Rise In Quarterly Net Income
MOSCOW, https://www.evernote.com/shard/s614/client/snv?noteGuid=2dc23a50-7bfd-47e1-9cf9-db729e4337f4¬eKey=f582d81ac9a768254ad2f9a53a4f9ad5&sn=https%3A%2F%2Fwww.evernote.com%2Fshard%2Fs614%2Fsh%2F2dc23a50-7bfd-47e1-9cf9-db729e4337f4%2Ff582d81ac9a768254ad2f9a53a4f9ad5&title=Monopoly%2BMarketing%2B-%2B7%2BSteps%2Bto%2BGet%2BYour%2BSmall%2BBusiness%2BMarketing%2BOnline June 11 (Reuters) - Russia's oil pipeline monopoly Transneft reported on Thursday a 13% increase in first-quarter net earnings year on year to 56.7 billion roubles ($822 million) due to higher sales.
Transneft's revenues in January-March edged up 1.3% to 263.3 billion roubles.
The company also said it had paid 4.9 billion roubles ($71 million) to oil suppliers in the first quarter as compensation for oil contamination in April 2019.
($1 = 68.9450 roubles) (Reporting by Maria Kiselyova; Writing by Vladimir Soldatkin; Editing by Edmund Blair)