Russia's Public Joint Stock Company Transneft on May 31 reported profit attributable to shareholders of the company amounting to 50.08 billion Russian rubles for the first quarter, topping 47.03 billion rubles a year ago.

Revenue reached 260.10 billion rubles, up from 225.24 billion rubles in the prior year, driven by crude oil transportation services with 167.52 billion rubles, topping 157.50 billion rubles a year ago.

Crude oil sales also brought in 49.95 billion rubles, topping 41.76 billion a year ago.

Operating profit totaled 74.20 billion rubles, up from 63.72 billion rubles in the prior year.

As of May 30, US$1 was equivalent to 65.12 Russian rubles.