Net profit of Russia’s Gazprom falls by a record number in the past six month
In the first half of 2017, the net profit of the Russian monopoly Gazprom fell to almost nothing – 17.4 billion rubles ($290 million USD), down from 194.417 billion rubles ($3.24 billion USD) in January-June 2016. This is shown by Interfax’s calculations based on the company’s materials using Russian accounting standards.
The data shows that in the second quarter of 2017, Gazprom had a loss of 90 billion rubles ($1.5 billion USD), whereas in April-June 2016 the parent company earned a symbolic profit of 7.2 billion rubles ($120 million USD).
According to the news agency, the financial performance of the company could …read more