The combination of a weak ruble and strong gas export figures should give a healthy sheen to Gazprom’s Q2 results when they are published later this month, but the company’s astronomic spending remains a concern.
Although Gazprom will not publish International Financial Reporting Standards figures until 28 August, Interfax has estimated the company’s Q2 net profit according to Russian Accounting Standards (RAS) at RUB 161.5 billion ($2.5 billion), including a RUB 190 billion charge for dividend payments. The net profit figure is calculated by looking at...
- You have reached an article available exclusively to subscribers
- Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
- Get a free trial Already a subscriber? Sign in
