Breaking News, World News and Taiwan News.

Gazprom first-half profits plunge by 34 percent to US$16.2 billion

MOSCOW -- The world's largest gas company Gazprom on Friday announced a 34-percent drop in net profits for the first half of 2012 to US$16.2 billion as sales in its core markets dropped and expenses increased.

Gazprom said in a statement that its net profit for the first half was 508.7 billion rubles (US$16.2 billion) compared with 771.7 billion (US$26.6 billion) in the same period last year, with total sales falling 5 percent to 2.23 trillion rubles (US$71.1 billion).

Income was squeezed by a 15-percent fall in net sales of gas to 1.24 trillion rubles (US$39.7 billion) although a 10-percent drop in sales to European markets was partially compensated by currency factors.

Sales of gas to the former Soviet Union region however plunged by a sharp 23 percent, the company said.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search