Gazprom Quarterly Net Rises as FX Gain Trumps Ukraine Debt
This article is for subscribers only.
OAO Gazprom’s second-quarter profit rose 13 percent as foreign currency gains made up for an increased provision to cover Ukraine’s natural gas debt.
Net income reached 228 billion rubles ($5.6 billion) from 202 billion rubles a year earlier, Russia’s biggest company said today on its website. Revenue climbed 19 percent to 1.32 trillion rubles on higher sales of natural gas and oil products.