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2011 August 30   09:09

Gazprom posts Q1 net income of RUB 478.5bn

Russian state-owned monopoly Gazprom announced its consolidated interim financial results (to IFRS) for the three month period ended 31 March 2011. Net profit rose as much as 42 percent compared with the same period of 2010, to RUB 478,500 billion, the Company said Tuesday.

Gazprom’s operating profit for the period totaled RUB 498,508bn versus RUB 339,301bn a year earlier. Profit before tax was RUB 591,066bn (421,696bn).

Revenue for the period increased by 38% from last year’s numbers, to RUB 1,316,747 million.

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