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:

Mobile Operators Reduce Prices For iPhones
Minister Surprised by Bashneft Decision
Adobe Company Closes Its Russian Representative Office
Near-Bankrupt Mechel Posts 9M 2014 Results
VTB Wins Court Case Vs Mechel

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
winter festival  Finds  Russian society  elections in Russia  Altai Republic  Zoya Kosmodemyanskaya  suburban trains  Painting  Museums  Russian Poetry  Pussy Riot  Dmitry Rogozin  Archeology  Russian Cinema  the Tver region   Gazprom Neft  Moscow  Russian companies  concerts in Russia  Russian actors  Rock Music  Russian roads  Barnaul  Russian tourism  Tver  Exhibitions in Moscow  Russian politics  Punk Rock  Russian journalists  Russian business  Svobodny  Russian oil companies  Quitrent  Russian history  Sand Sculptures  Dinamo Moscow  X5 Retail Group  Mercedes-Benz Fashion Week Russia  Maria Yakunchikova  Heroes of the Soviet Union  Andrey Tarkovsky  Cultural Projects  Cowshed Bowling   Russian Poets  data storage  Russian Literature  Protest Movement  Russian academy of sciences  Lucifer  City Hall 

Travel Blogs
Top Traveling Sites