Russia's state-run oil pipeline monopoly Transneft's net profit for 2010 edged up three percent to 125.5 billion rubles ($4.48 billion) to IFRS, Transneft said on Friday.
Transneft's revenues rose 27.5 percent year-on-year to 447.532 billion rubles, the company said in a statement.
Operating costs jumped 50 percent to 280.036 billion rubles, while pre-tax profit increased 1.2 percent.
Transneft's long-term liabilities rose 11 percent from December 31, 2009 to 734.03 billion rubles as of December 31, 2010, including loans and borrowing, which grew 5.8 percent to 583.148 billion rubles.
Short-term liabilities jumped 40.5 percent to 111.168 billion rubles, including the company's accounts payable and other liabilities, which soared 53 percent to 97.966 billion rubles. Loans and borrowing fell six percent to 10.655 billion rubles.
MOSCOW, June 3 (RIA Novosti)
