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Russia's OAO Gazprom: net profits up 90 percent in first 9months of 2006Feb 13 2007, 18:54 MOSCOW (AP) - Russian state-controlled gas monopoly OAO Gazprom said its net profit for the first nine months of 2006 rose 90 percent, boosted by the integration of oil unit Gazprom Neft as well as high international oil and gas prices. The world's biggest gas producer reported a net profit of 442.3 billion rubles ($16.78 billion) for the nine months ended Sept. 30 under International Financial Reporting Standards, up from 232.13 billion rubles in the same period a year earlier. The results beat an average forecast of 438 billion rubles ($16.62 billion) in an analyst poll conducted by Dow Jones Newswires. "A significant factor impacting the comparability ... was the acquisition in October 2005 of OAO Sibneft," the company said in a statement. "Higher oil and gas market prices also significantly impacted results." Gazprom purchased a 72.66 percent stake in the Sibneft oil company in late 2005 for a total of ($13.01 billion) and later renamed it Gazprom Neft. Revenues rose 75 percent to 1.581 trillion rubles ($60 billion) compared to 902 billion rubles the year before. |
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NEWS BRIEFS
Saudi foreign minister: kingdom ready for nuclear cooperation with RussiaFeb 14, 20:03 Committee to ensure Sochi ecology for Olympics to be formedFeb 14, 19:08 Interim leader who showed reform inclinations becomes new Turkmenistan presidentFeb 14, 19:04 Russia's Gazprom, nickel giant Norilsk Nickel to bid for Yukos assets, says liquidatorFeb 14, 18:10 Russian label for British record giant EMI wins lawsuit against Russian music Web siteFeb 14, 16:46 Former Kyrgyz prime minister joins opposition, accuses president of ousting himFeb 14, 16:41 Report: Russia-NATO maneuvers postponed over legal disputeFeb 14, 16:36 Russian antitrust regulators approve merger to create world's largest aluminum producerFeb 14, 16:29 Piracy case puts Russian village schoolteacher on trial, Microsoft in spotlightFeb 13, 19:23 Estonia's economy surges 11.5 percent in 2006 as overheating risk increasesFeb 13, 19:08 |
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