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Friday, August 01, 2008

Gazprom's H1 net profit more than doubles

RBC, 31.07.2008, Moscow 18:31:53.Gazprom's net profit under RAS more than doubled from RUB 138.7bn (approx. USD 5.91bn) in the first half of 2007 to RUB 285.7bn (approx. USD 12.18bn) in H1 2008, the Russian energy holding said in a statement today. However, net profit shrank 15 percent to RUB 131.2bn (approx. USD 5.59bn) in the second quarter compared to January-March. The gas monopoly attributes the decrease in net profit in Q2 to a fall in sales revenue resulting from seasonal factors.

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