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Friday, 25 May 2012
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Gazprom Q3 2011 Net Profit Falls 3% to $5.13 Bln

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Wednesday, 1 February 2012

Russian gas giant Gazprom saw third quarter 2011 net profit decrease three percent year-on-year to 155.625 billion rubles ($5.13 billion) to IFRS, the company said in a statement on Wednesday.

Earnings per share fell 4.8 percent to 6.62 rubles ($0.21).

Revenue grew 22 percent in July-September 2011 to 949.585 billion rubles. Operating profit jumped 66.5 percent to 328.035 billion rubles, while pre-tax profit decreased four percent to 199.857 billion rubles.

Gazprom's net profit in the first nine months of 2011 grew 41.3 percent to 940.827 billion rubles ($31.03 billion), while revenue in January-September last year rose 32.10 percent to 3.296 trillion rubles.

Revenue from gas sales in the first nine months of 2011 amounted to 1.987 trillion rubles, a 33 percent increase year-on-year.

Net debt grew 20 percent to 1.044 trillion rubles as of September 30, 2011 comparing with the end of 2010 due to new long-term borrowings, the dollar and euro exchange rate growth to the ruble and fewer monetary funds.

Wednesday, 1 February 2012

Ria Novosti
   Economy

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