BAKU, Azerbaijan, Aug.24
By Nargiz Sadikhova - Trend:
Consolidated revenue of Kazakhstan’s KazTransOil JSC (KTO) has amounted to 118.6 billion tenge ($283.8 million) for the 1H2020, which is 0.5 percent lower compared to the same period last year, Trend reports with reference to the company.
The company’s report said that the consolidated net profit for 1H2020 in turn amounted to 38.1 billion tenge ($91.2 million), which is however 12.9 percent more compared to the same period of 2019.
The report said that KTO’s non-consolidated revenue amounted to 109.4 billion tenge ($26.1 million) in 1H2020, which is 1.5 percent lower year-on-year compared to 1H2019.
Furthermore, company’s non-consolidated net profit was 34.9 billion ($83.6 million), which also is 14 percent more compared to the same period last year.
KazTransOil is Kazakhstan’s largest oil pipeline company, which provides services on oil transportation on the domestic market and for export.
The company is an owner of the largest network of main oil pipelines and waterlines in the country, total length of which amounts to 5,376 km of oil pipelines and 1,975 km of water pipeline.
---
Follow the author on twitter: @nargiz_sadikh
