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:

X5 Retail Group Will Accept MIR Cards
29.11.2016
Standard & Poors Changes Forecast On Russian Rating
29.09.2016
A New Lending Product For Developers Was Launched
23.02.2017
Iraqi Auditors Inspected Russian Producers
19.04.2017
Sales Of Lamborghini Cars Increased In Russia
08.11.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Easter  Rudolf Nuriyev Classical Ballet Festival   Russian travelers  Single Ticket  Baikonur  Old Moscow  Russian Film Directors  Russian hospitality industry  St. Petersburg Museums  Russian history  Russian business  VTB Group  Russian Museums   George Garanian  Russian International  BP  Fyodor Schechtel  Mordovia  immigration  Russian Literature  Sochi  Bashneft  Rock Music  Ice Festivals  All-Russian Museum of Decorative-Applied and Folk Art  Orest Vereisky  Kamchatka  accommodation in Russia  Eduard Artemiev  Evgeny Plyushchenko  Painting  Russian artists  Russian mobile operators  Russian Cinema  Russian Metro  Missing Persons  Eurovision  Smashing Pumpkins  Moscow  Russian politicians  Exhibitions in Moscow  Russian tourism  Mercedes-Benz Fashion Week Russia  Sverdlovsk region  Exhibitions in St. Petersburg  Russian human rights activists  Archeology  Hermitage Hotel  White Trail  astronomy 


Travel Blogs
Top Traveling Sites