Gazprom`s profit fell by 17%

18:02 - 29.04.2020

April 29, Fineko/abc.az. Russian natural gas monopoly Gazprom made a net profit of 1.2 trillion rubles ($16.3 billion) for 2019.

ABC.AZ reports that the indicator is by 17% less than in 2018.

Last year, Gazprom earned 7.6 trillion rubles ($103.1 billion) that is by 7% less than in the previous year.

Over the reporting term Company's debts grew by 5.1% up to 31 trillion rubles ($42.1 billion).

Gazprom explained the decline in profit with a 4% decrease in gas exports to Europe and a 15% drop in prices.

The Russian company meets 35% of European demand for blue fuel.

 

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