Gazprom 2012 Profit Declines 11%

Russia's OAO Gazprom

reported an 11% drop in its 2012 net profit. Gazprom's net profit fell to 1.18 trillion rubles ($38.06 billion), from 1.31 trillion rubles, in the year-ago period. Its revenue gained 2.7% to RUB4.76 trillion. Gazprom shares closed at $7.89 yesterday.