Net profit of the Russian “Gazprom” has fallen 11 times

For the first half of 2017, the net profit of the Russian monopoly “Gazprom” in comparison with the same period last year declined 11 times, from 194 billion 417 million rubles (about 3 billion 222 million dollars) to 17.4 billion rubles (about 288 million dollars).

This is evidenced by the calculations of “Interfax” on the basis of the reporting “Gazprom” under the Russian standards of accounting.

In the second quarter of 2017, Gazprom had a loss of 90 billion rubles. And for the same period last year was a symbolic profit of 7.2 billion rubles ($119 million).

The company’s financial performance could spoil the growth rate of the Euro against the Russian ruble, and the ongoing revaluation of fixed assets which led to increase of depreciation and hence the cost.

Gazprom will publish its official statements in a week.

Videocables told as the victory of “Naftogaz” against “Gazprom” will affect the wallets of Ukrainians

TSN. Week

4 Jun, 20:32

In system “SPARK-Interfax” reported, Gazprom on the value of the net assets of the Issuer on June 30, 2017 – 10,241 trillion rubles after 10,522 trillion on March 31, 2017. That is, in the last quarter it fell by 281 billion rubles.

The magnitude of the increase in the value of assets for the quarter (second quarter of the applicable amendment 190 billion rubles – the obligation on the payment of dividends) corresponds exactly to the size of net profit (in this case loss) for the quarter.

Meanwhile, Ukraine will try to arrest the assets of Russian “Gazprom” abroad.