BG Group Q1 Profit Falls

reported a decline in its profit for the first quarter. BG's quarterly profit slipped 78 percent to $240 million, from $1.11 billion, in the year-ago period. EPS shrank 51 percent to 16.1 cents. Its revenue declined 23 percent to $3.82 billion from $4.98 billion. Its production rose 1 percent to 638,000 barrels of oil equivalent a day. For the year, the company expects production of 650,000 to 690,000 barrels of oil equivalent a day. BG Group shares fell 1.10 percent to close at $18.06 yesterday.