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Gazprom H1 Net Profit Drops 34%

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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


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