Market Overview

Gazprom H1 Net Profit Drops 34%

Share:
Related GZPFY
From Russia With Cash ... Sort Of
JP Morgan Upgrades Gazprom Neft To Neutral

OAO Gazprom (OTC: GZPFY) reported a 34% drop in its first-half net profit.

Net profit attributable to shareholders fell to 509.7 billion rubles ($16.3 billion), from RUB785.2 billion, in the year-ago period.

Its revenue declined 5% to RUB2.23 trillion. While total gas sales dropped to 255.5 billion cubic meters from 287.6 billion.

Gazprom shares closed at $25.03 yesterday.

Posted-In: profitEarnings News

 

Related Articles (GZPFY)

View Comments and Join the Discussion!