KazTransOil announced Y2014 Q1 results

/KASE, May 30, 14/ – KazTransOil (Astana), shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of May 30, 2014: quotation "KazTransOil" JSC non-consolidated volume of oil and petroleum products transportation and transshipment was 12,714 thousand tons, that is 6% lower than in the first quarter of 2013. Consolidated volume of oil and petroleum products transportation and transshipment was 15,488 thousand tons, which 8.6% lower than in the first quarter of 2013. "KazTransOil" JSC non-consolidated oil turnover made 8,941 million tons per kilometer, which is 3% lower than similar indicator for first quarter of 2013. Consolidated oil turnover was 11,079 million tons per kilometer, which is 1.8% lower than in the first quarter 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 5,429 thousand cubic meters, that is 6% higher than similar indicator for the first quarter of 2013. "KazTransOil" JSC non-consolidated income for the reported period was KZT 41,352 million, which is 0.4% lower than similar indicator for the first quarter of 2013. "KazTransOil" JSC non-consolidated net profit for the first quarter of 2014 made KZT 15,140 million, which is 9.6% lower than the result for the first quarter of 2013. "KazTransOil" JSC consolidated income for the reported period was KZT 45,384 million, which is 3.6% lower than similar indicator for the first quarter of 2013. "KazTransOil" JSC consolidated net profit for the first quarter of 2014 made KZT 5,076 million, which is 75% lower than the result for the first quarter of 2013. Consolidated 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 US$. ends [2014-05-30]