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: 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.


Author: Mikhail Vesely

Tags: Gazprom Russia's gas reserves    

Next Previous

You might also find interesting:

Production Of Oil Will Remain Profitable
Chinese Market Is Open to Russian Food Exporters
Inflation In Russia May Exceed All Forecasts
Mitsubishi ASX, Nissan Juke and Teana Leave Russian Market
Growth Of Oil Prices May Be Temporary

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
society  Theatre Festivals  Khibiny Mountains  Russian history  Russian opera singers  Quasicrystals  Mercedes-Benz Fashion Week Russia  Comics  Olympic Truce Wall  flyover  Moscow  Barnaul  Russian business  Archeology  Romodanovo  Russian Literature  toxic substances   Books  Russian thetres  Astrakhan  Russian tourism  Yekaterina Koneva  Sukhoi Civil Aircraft  Buryatia  Exhibitions in Moscow  Ivan Aivazovsky  Painting  Krasnodar  Hotel Rossiya  Opposition  censorship in Russia  Russian Cinema  Russian writers  Anna Chapman  social  Sochi Olympic Games 2014  Russina Winter  Russian church  insurance  Russian Winter  IT market in Russia  Mouse  Vandalism  Exhibitions in Vladimir  Russian Nature  Sakhalin  publishing house   Arkhangelsk  Petroleum  Spacecrafts 

Travel Blogs
Top Traveling Sites