Russian state-owned gas monopoly Gazprom has announced its consolidated interim condensed financial results according to International Financial Reporting Standards (IFRS) for the nine months ended September 30, 2011. Net income of OAO Gazprom for the first 9 months of 2011 on International Financial Reporting Standards (IFRS) rose 41.3% year-on-year to RUB 923.6 billion, Gazprom said on Wednesday.
The Company’s revenue grew by 32.10% from January-September 2010, to 3.296 trillion rubles.
Gazprom is one of the world’s largest energy companies. Its major business lines are geological exploration, production, transportation, storage, processing and marketing of hydrocarbons as well as generation and marketing of heat and electric power. OAO Gazprom’s mission is to ensure a safe, efficient, and balanced supply of natural gas, other types of energy resources, and refined products to consumers.