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Gazprom's Q1 profit down 62 pct to $3.3 bln

Gazprom's Q1 profit down 62 pct to $3.3 bln

Russian state gas monopoly Gazprom on Wednesday reported a 62 percent drop in net profit for the first quarter of 2009, when the company was hit hard by disruptions of gas supplies to Europe.
Net profit dropped to 103.7 billion rubles ($3.3 billion) during the January-March period from 273.4 billion a year earlier, the company said.
Sales rose 2 percent to 931.4 billion rubles ($29.7 billion).
Russia suspended gas shipments to Europe via Ukraine _ about 20 percent of Europe's total gas consumption _ for two weeks in January amid a price dispute.


Updated : 2021-07-31 05:41 GMT+08:00