KazTransOil Announces 1H Consolidated Operation and Financial Results
OREANDA-NEWS. "KazTransOil" JSC non-consolidated volume of oil transportation and transshipment was 25,044 thousand tons, that is 4% lower than in the first half of 2013.
Consolidated volume of oil and petroleum products transportation and transshipment was 30,880 thousand tons, which 6% lower than in the first half of 2013.
"KazTransOil" JSC non-consolidated oil turnover made 17,927 million tons per kilometer, which is 2% lower than similar indicator for the first half of 2013.
Consolidated oil turnover was 22,105 million tons per kilometer, which is 2% lower than in the first half of 2013.
"KazTransOil" JSC supplies of the Volga fresh water to consumers in Atyrau and Mangistau regions of Kazakhstan via Astrakhan-Mangyshlak water pipeline for the reported period made 11,950 thousand cubic meters, that is 6% higher than similar indicator for the first half of 2013.
"KazTransOil" JSC non-consolidated income for the reported period was KZT 87,865 million, which is 7% higher than similar indicator for the first half of 2013.
"KazTransOil" JSC non-consolidated net profit for the first half of 2014 made KZT 36,755 million, which is 10% higher than the result for the first half of 2013.
Consolidated income for the first half of 2014 was to KZT 97.026 million, which is 4.5% higher than similar indicator for the first half of 2013.
Consolidated net profit for the first half of 2014 made KZT 26.436 million, which is 35% lower than the result of the first half-year of 2013.
Consolidated net profit decline is mainly related to provision for loss from jointly controlled entities. As a result of the Tenge devaluation "Kazakhstan-China Pipeline" LLP formed foreign exchange loss resulting from the revaluation of financial liabilities (loans) denominated in USD .
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