Russia apos;s Transneft Reports 13 Rise In Quarterly Net Income

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MOSCOW, 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)