BG Reports Loss for First Time Since 2000 on Egypt Charge

BG Group Plc, the U.K.’s third-largest natural-gas producer, reported a quarterly loss for the first time since 2000 as Egyptian exports were disrupted and costs rose.

The net loss was $1.08 billion in the fourth quarter, compared with net income of $1.74 billion a year earlier, the Reading, England-based company said today in a statement. BG will write off $2.4 billion in assets in Egypt and the U.S.