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UpstreamOnline: Gazprom posts strong first quarter

By Upstream staff

Russian gas monopoly Gazprom said today its first-quarter net profit rose to 217 billion roubles ($8.68 billion) from 191 billion roubles in the same period of last year.

Gazprom said its revenue rose to 612 billion roubles in the period, from 586 billion roubles in the first three months of 2006.

Gazprom’s net debt nearly halved to 468 billion roubles in the first quarter of 2007 from 808 billion roubles as of 31 December 2006.
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08 October 2007 07:38 GMT  | last updated: 08 October 2007 07:58 GMT

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