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Russia’s Gazprom net profit related to shareholders down 7%

April 29, 2014, 11:42 UTC+3 MOSCOW
The report said that expenditures on gas and oil purchase have made the bulk in operating expenses
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© EPA/SERGEI ILNITSKY

MOSCOW, April 29. /ITAR-TASS/. Russia’s gas giant Gazprom’s net profit related to shareholders went down seven percent year-on-year to 1,139 trillion rubles (around $31.6 billion) in 2013 according to the International Financial Reporting Standards, the company said in a report.

Net profit for the reported year also dropped by 7% to 1,166 trillion rubles (around $32.3 billion). Gazprom’s revenues went up ten percent to 5.25 trillion rubles (around $145.7 billion).

Before taxation Gazprom’s proceeds reduced by 4.6% to 1,486 trillion rubles (around $41.2 billion) and sale revenues went up 17.5% to 1,587 trillion rubles (around $44 billion).

The company’s financial expenditures for the reported year went up 15% to 284,107 billion rubles (around $7.8 billion) and operating expenditures rose 5.2% to 3.6 trillion rubles (around $99.9 billion).

The report said that expenditures on gas and oil purchase have made the bulk in operating expenses. The oil and gas purchasing expenditures went down over lower gas amounts bought from third-party organizations in and outside Russia.

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