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Gazprom forecasts 10% decline in its net profit in 2013

June 27, 2013, 20:03 UTC+3
The company’s return and EBITDA are planned at the same level as in 2012
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MOSCOW, June 27 (Itar-Tass) - Russia’s gas giant Gazprom forecasts a ten-percent decrease in its net profit in the current year, as compared to 2012, Gazprom Chief Financial Officer Andrei Kruglov told a news conference on Thursday.

The company’s return and EBITDA are planned at the same level as in 2012.

According to earlier reports, Gazprom net profit calculated under the Russian Accounting Standards (RAS) went down by 37 percent in 2012, as compared to the preceding year, and stood at 556.34 billion roubles (USD 1 = RUB 32.88). Gazprom’s pre-tax profit also decreased from 1,145.00 billion roubles to 753.686 billion roubles.

Herewith, the return of the gas monopoly remained almost at the unchanged level worth 3.569 trillion roubles, as compared 3.543 trillion roubles a year ago.

In 2012, the production cost of the company’s goods and services grew by 17.6 percent to make up 1.708 trillion roubles.

 

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