Gazprom posts IFRS net profit of RUB 1.10 trillion in 9M’19, up 4% YoY
Today PJSC Gazprom issued its unaudited consolidated interim condensed financial 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2019.
The company’s net profit for January-September 2019 calculated in accordance with International Accounting Standard totaled RUB 1.10 trillion, up 4%, year-on-year.
Sales (net of excise tax, VAT and customs duties) decreased by RUB 203,252 million, or 3%, to RUB 5,698,339 million.
Gazprom is one of the largest energy companies in the world. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, as well as generation and marketing of heat and electric power. Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.