Gazprom Quarterly Net Jumps to Record $16 Billion on Prices
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OAO Gazprom’s first-quarter profit jumped 44 percent to a record, more than expected, as gas prices and foreign sales drove the Russian export monopoly’s earnings to a record.
Net income climbed to 468 billion rubles ($16 billion), from 325 billion rubles a year earlier, the Moscow-based natural-gas exporter said in a financial report posted on its website today. That beat the average estimate of 406 billion rubles from seven analysts surveyed by Bloomberg.