Oil pipeline operator with net profits at PLN 163 mln in H1

State-owned oil pipeline operator PERN "Przyjaźń" saw a 37 percent increase in profits in H1 y/y to PLN 163 million, the company informed on Monday. The company's revenues exceeded PLN 332 million, compared with PLN 299 million in H1 2014, an increase of 11 percent y/y. PERN "Przyjaźń"  is a leader of petroleum logistics on in the domestic market. The company's basic activity is the operation of the network of crude oil pipelines, transporting Russian crude oil for the largest producers of fuels in Poland, as well as in Germany.  Apart from the network of crude oil pipelines, PERN "Przyjaźń" S.A. also owns a network of product pipelines, used for transporting liquid fuels produced by refineries.