BG Group Reports 25% Surge In Q3 Net Profit

BG Group PLC (OTC: BRGYY) reported a 25% rise in its Q3 net profit.

The company also lifted forecast for profit at its liquefied natural gas division to $2.4 billion for the year, versus its earlier forecast between $1.9 billion and $2.2 billion.

BG Group's quarterly net profit climbed to $1.06 billion, from $849 million, in the year-ago quarter. Its adjusted profit came in at $1.02 billion, versus analysts' expectations of $975 million. Its total revenue climbed 22.4% to $5.39 billion from $4.41 billion. BG Group's diluted earnings per share came in at 31.1 cents, versus 25.8 cents.

BG Group shares dropped 3.28% to close at $104.35 yesterday.