Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Gazprom Snaps 2 Days of Gains as CFO Forecasts Earnings Drop

June 28 (Bloomberg) -- OAO Gazprom, Russia’s biggest company by market value, slid for the first time in three days after its chief financial officer said earnings may drop this year.

Gazprom, the country’s natural-gas export monopoly, fell 2.1 percent to 150.69 rubles by the close in Moscow. The stock has lost 17 percent this quarter.

Earnings before interest, taxes, depreciation and amortization may decline to $58 billion this year from $66 billion last year as the government raises extraction taxes, Andrey Kruglov told reporters today in Moscow.

Russia’s Finance Ministry will re-examine the proposed rates of gas tax increases in August, Deputy Finance Sergei Shatalov said today in an interview in Moscow.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net; Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.