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Gazprom third-quarter net profits double, hit US$10 bil. on high sales

AFP
January 18, 2013, 12:23 am TWN

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MOSCOW--The world's largest gas company Gazprom said on Thursday it had doubled third-quarter net profits to over US$10 billion due to higher sales even as its nine month profits fell.

Net profits in the third quarter of 2012 were 305.05 billion rubles (US$10.05 billion) compared with 151.98 billion rubles (US$5.07 billion) in the same period the previous year, the Russian state-controlled giant said in a statement. Over the first nine months however profits were 12-percent lower than the same period last year, it said.

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