2018 May 30 11:47

Gazprom posts IFRS profit of RUB 392.16 billion in QI’2018 (up 12%, year-on-year)

Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the three months ended March 31, 2018.

According to statement, the company’s profit grew by 12% to RUB 392.16 billion.

Total sales (net of excise tax, VAT and customs duties) increased by RUB 323,030 million, or 18 %, to RUB 2,138,331 million for the three months ended March 31, 2018 compared to the same period of the prior year. 

Operating profit grew by 59% to RUB 467.58 billion.

Gazprom is one of the largest energy companies in the world. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, as well as generation and marketing of heat and electric power. Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.