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Wednesday, April 15, 2009

Gazprom Neft posts Q4 net loss of $543 mln

MOSCOW, April 15, 2009 (Reuters by Robin Paxton) - Russian oil firm Gazprom Neft (SIBN.MM) on Wednesday posted a $543 million fourth-quarter net loss, compared with a year-earlier $1.3 billion profit, due to lower oil prices, a lag in export duties and a non-cash currency translation loss. Gazprom Neft said in a statement full-year 2008 net profit rose 12 percent year-on-year to $4.7 billion.

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