Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Gazprom's Profit Reduced
August 12, 2016 14:43


The profit of “Gazprom” decreased by 19 times in the second quarter of 2016, as compared to the second quarter of 2015 - from 137 to 7.2 billion roubles. This is confirmed by the calculations of the experts of “Interfax” on the basis of the company’s data.

The company’s profit for the first half of 2016 by Russian Accounting Standards (RAS) amounted to 194.4 billion roubles, which is 31 percent less than the result for January-June 2015. The official report on the results of work in the second quarter of 2016 will be released by “Gazprom” in mid-August. But even now the “SPARK-Interfax” system has published a report of the enterprise concerning the value of the issuer’s net assets as of 30 June 2016 - 9.33 trillion roubles after 9.51 trillion roubles as of March 31, 2016, which means that it decreased by 179 billion roubles during the second quarter.

The amount of increase in the value of assets for the quarter (an amendment of 187 billion roubles is applied to the second quarter – it concerns the obligation of dividends payment) exactly corresponds to the size of the net profit for the period, as the agency explained. The net profit of “Gazprom” amounted to about 187.2 billion roubles in the first quarter of 2016. In early July the analysts of Renaissance Capital predicted that “Gazprom” would have negative results. According to them, the company may get a negative free cash flow totaling $ 6.7 billion in 2016-2018, reduce the investment program, as well as record the worst profit dynamics in the industry.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Russian Banks Will Collect Biometric Data The Circle of Light Moscow International Festival Vladivostok Entertainment Centre Risk Of Flood In Crimea Top 5 Russian Actresses Best Known in Hollywood and European Cinema

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
NLMK  Burial Grounds  Moscow Museums  Mercedes-Benz Fashion Week Russia  migration in Russia  Solovki  travel to Russia  St. Petersburg  Alexander Bashlachev  Kaliningrad  Drawing  Charity  Moscow  sanctions  Vladivostok  Naïve Art Museum  library  Grigori Gorin  Russian Cinema  sky-scrapers in Moscow  Russian startups  New Medicines  Video  Russian Avant-Garde  Festivals in Moscow  accommodation in Moscow  Art Exhibitions  Cars  Peterhof  Ignatyev Cave  Andrey Moguchy  Russian tourism  Paintings  Rosneft  Alfred Schnittke  Times and Eras  Exhibitions in Moscow  Russian regions  ENEA  Pskov Region  Russian football  deposits  Russian travel industry  Russian business  Smoking in Russia  Valeriy Karpin  Trash  Republic of Bashkortostan  Cycling  gay propaganda law 

Travel Blogs
Top Traveling Sites