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:

Powers Of German Gref Were Extended To November 2019
05.06.2015
Production Of Linen Yarn May Be Launched In Novosibirsk Region
20.04.2015
Bashneft Shares Handed Over to Govt - Court Ruling
03.11.2014
US Dollar Unlikely to Hit 80 RUR Mark
10.02.2015
Russian Railways Eye RUR 22 BLN for Commuter Trains
08.02.2015



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Painting  Svetoslav Roerich  VTB Group  Russian political parties  Russian business  Akhtubinsk  Orthodoxy  Treasures  Russian Poetry  Exhibitions in Moscow  Tourist Tax   cultural cooperation  Komi Republic  Russian ballet dancers  Classical Music  Moscow Festivals  Clownery  Cultural Olympiad   Russian Literature  Lyubov Sokolova  skating in Moscow  Orthodox Church  Russian history  New Year Exhibitions  foul language in Russia  Russian parliament  Russian tourism  Russian sportswomen  Russian Rivers  Nadezhda Rumyantseva  Russian art  Central House of Artist  Denisova Cave  Russian film industry  Astrakhan  Family Life  Kabardino-Balkaria  occult medicine  Russian Cinema  Dmitry Tomayev  NATO  All-Russia Exhibition Centre  Moscow  Architecture Monuments  Russian politics  Russian Poets  society  Archeology  Exhibitions in Kaliningrad  Lyubov Polischuk 


Travel Blogs
Top Traveling Sites