BREAKING NEWS
This content is not available in your region

Gazprom profit disappoints, increased by weak rouble

Comments
Gazprom profit disappoints, increased by weak rouble
Text size Aa Aa

The world’s largest gas producer, Russia’s Gazprom, has reported second quarter net profit up by 13 percent, boosted by foreign exchange gains because of the weak rouble.

That was short of analysts’ expectations.

Net profit was 227.6 billion roubles (4.4 billion euros) up from 202 billion roubles for the same period of last year.

Gazprom said it doesn’t think Western sanctions over the Ukraine crisis will have “a significant impact” on its financial situation or operations.

The company said it had to set aside 215.8 billion roubles (4.18 billion euros) in the first six months of the year due to Ukraine’s gas debt.

Gazprom which supplies around a third of Europe’s gas needs, said it would continue to evaluate sanctions’ effect.

with Reuters

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.