Gazprom Nine-Month Profit Soars on Higher Gas Sales, Prices
29 Novembre 2021 - 9:51AM
Dow Jones News
By Jaime Llinares Taboada
Gazprom PJSC on Monday reported improved earnings for the first
nine months of 2021, as gas sales and prices soared from a year
earlier.
The oil-and-gas company, which is majority owned by the Russian
government, made a pretax profit of 1.946 trillion rubles ($25.75
billion), swinging from a RUB327.02 billion loss a year
earlier.
Adjusted earnings before interest, taxes, depreciation and
amortization more than doubled to RUB2.214 trillion, reflecting a
77% increase in total gas sales.
Gazprom said gas sales to Europe and other countries, excluding
Russia and former Soviet Union countries, more than doubled to
RUB1.326 trillion as gas volumes rose 14% and ruble-denominated
prices soared 95%.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
November 29, 2021 03:36 ET (08:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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