Gazprom First-Quarter Profit Falls 41% on Ukrainian Gas Debt
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OAO Gazprom, Russia’s biggest company, said its first-quarter profit slumped 41 percent on a foreign currency loss and Ukraine’s debt for natural gas supplies.
Net income dropped to 223 billion rubles ($6 billion) from 381 billion rubles a year earlier, the Moscow-based exporter said in a statement on its website.