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

Gazprom Cuts 2012 Income Forecast
9.02.2013 21:20
Gazprom Cuts 2012 Income Forecast
Photo Credit: http://commons.wikimedia.org by Andrey Ivanov

Gazprom’s 2012 net income is expected to be just $38 billion, down 15 percent, according to the Interfax news agency.


      
The gas giant has lost in revenues due to shrinking exports to Europe and Ukraine, says Grigory Birg, an analyst with Investcafe.

      
The corporation’s financials will turn out to be poor, compared to 2011. Full-year earnings were 5.1 percent down, totaling just $150 billion, EBITDA fell 19.4 percent to $53 billion, and net income dropped 15 percent to $38 billion. 

      
In 2012, Gazprom’s share on the European market shrank from 27 to 25.6 percent. Also, its clients are pushing the gas corporation for discounts.

Sources: http://www.vedomosti.ru 

Author: Mikhail Vesely

Tags: Gazprom Russia's gas reserves    

Next Previous


You might also find interesting:

Growing Demand For LTE-Devices
12.05.2015
Vologda Region Improved Investment Climate
22.06.2015
Adidas Will Close About 200 Stores In Russia
15.03.2015
Powers Of German Gref Were Extended To November 2019
05.06.2015
Poultry Meat From Turkish Company Is Banned
25.11.2015



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
fashion weeks  Anton Chekhov  Mikhaylov  Russians abroad  Krasnodar  Russia international  Russian national reserves  Fairy Map of Russia  Painting  Tyumen  Arkhangelsk Region  Geyzernaya River  Russian Orthodox Church  films  Archeology  Murmansk Region  Gambling Zone  Rybinsk pie  Boris Grebenshchikov  security  Russian Cinema  Novgorod  Russian history  Gelendzhik  Republic of Buryatia  music  Russian politics  Bell Ringing  Russian investors  Illiteracy  Open Innovations Expo  Festivals in Saint Petersburg  economic crisis  Diana Arbenina  Multimedia Art Museum  Russian business  Russian customs  Vladimir Alennikov  Exhibitions in Moscow  Karelia   Yulmart  Classical Music  Japanese Art  Russian Literature  Russian army  Russian human rights activists  police  Moscow  Russian tourism  Fairs in Moscow 


Travel Blogs
Top Traveling Sites