Gazprom’s H1 unconsolidated earnings up 4.5%
Russian oil company Gazprom’s said Tuesday its unconsolidated earnings calculated to Russian Accounting Standards increased 4.5% year-on-year to 865 billion rubles ($34 billion) in the first half of the year.
The natural gas monopoly’s income from sales of goods, products, work and services gained 9.4% to 370 billion rubles ($14.5 billion) during the reporting period. Gazprom attributed the relatively modest rise to the exceptionally cold winter of 2006, compared to this year’s abnormally high winter temperatures. “Such a negligible increase in profit from sales of goods, products, work and services is mainly due to the decrease in natural gas sales due to the abnormally warm winter,” the statement said. (rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.