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Gazprom Quarterly Net Income Doubles on Weak Ruble

OAO Gazprom, the biggest natural-gas producer, said profit doubled in the third quarter, beating analyst estimates, as a foreign-exchange gain helped compensate for soaring costs.

Net income climbed to 305 billion rubles ($10.1 billion) from 152 billion rubles a year earlier, Moscow-based Gazprom said today on its website. That compared with an average estimate of 291 billion rubles from 10 analysts surveyed by Bloomberg. Revenue rose 18 percent to 1.12 trillion rubles.