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:

Russian Advertising Market Declines
EBRD Cuts 2015 GDP Forecast for Russia
Moscow Retailers Are Moving Away From Central Streets
Bank Of Russia Withdrew Licenses From the Two Moscow Banks
More Retailers Are Moving To Large Shopping Malls From Moscow Downtown

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Magadan  Rogovs House  protest actions  Ukraine  Security Council  Battle for Sevastopol  Yuri Shevchuk  Painting  Russian Literature  Russian tourism  Barnaul  Maria Callas  Russian International  Moscow-river  Hermitage  Russian politics  Moscow  Post-Revolutionary Writers  Headdresses  Classical Music  Russian academy of sciences  Russia  Nikolay Krymov  David Borovskii  Russian history  Kirghizia  fashion weeks  Russian art  Recycling  Concerts in Moscow  Russian Cinema  Moscow events  Pyotr Rychkov  Severodvinsk  Vologda region  Exhibitions in Moscow  Leningrad Zoo  Russian business  Russian thetres  Strelka  Omsk region  Archeology  Sculpture  children  Russian North  Cheremkhovo  Russian gas  Mikhail Bulgakov  Zenit  Russian universities 

Travel Blogs
Top Traveling Sites