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:

Wine Prices Went Up
Inflation Projected Below 10% - Govt
Sergei Ivanov Was Appointed Senior Vice President Of Sberbank
Expocentre Welcomes Foreign Furniture Manufacturers
Gold And Currency Reserves Decreased By $ 2.6 Billion

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Painting  Russian history  Mercedes-Benz Fashion Week Russia  Veniamin Reshetnikov  crisis  Borodino  Moscow  Russia-Uruguay  Kolomenskoye  Pskov Region  Fukushima  CocoRosie  Innovations  Altai  Russian business  Russian billionaires  Russian musicians  Samara  New Year holidays  Russian tourism  Mobile Planetarium  Sergey Diaghilev Memorial House Museum  Rostov-on-Don  Caucasus  Silver Bear  Russian regions  North Caucasus  Russian Cinema  Russia-India  Yaroslavl   smartphone market   Russian politics  Yakutsk  Matryoshka  Russian Avant-Garde  Russian parliament  Politicians  Metro  Science Fiction  Archeology  Exhibitions in Moscow  Shilovo  Russian Sculpture  Russian Literature  Travel  Lavr Kornilov  Sistema  Joseph Stalin  Anzhi Makhachkala  Crimes 

Travel Blogs
Top Traveling Sites