BAKU, Azerbaijan, Nov.16
By Nargiz Sadikhova - Trend:
Consolidated revenue of Kazakhstan’s KazTransOil JSC (KTO) has amounted to 176.9 billion tenge ($412.5 million) for the nine months of 2020, which is 2 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 the same period of 2020 in turn amounted to 51.9 billion tenge ($121.07 million), which is 38 percent more compared to the same period of 2019.
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.
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.
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.
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