Gazprom posts 6.4% drop in profit on warm weather, operating costs

Article Abstract:

Fiscal third-quarter net profit for Russian gas firm OAO Gazprom dropped 6.4% to $4.59 bil, due in part to increasing operating costs and unseasonably warmer weather. Operating costs rose 15% for the quarter. Revenue increased by 5.4%, driven by higher domestic sales prices.

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Disposal, pension change boost Gazprom profit

Article Abstract:

Fiscal first-quarter net profit for Russia's OAO Gazprom increased 14% to reach $8.39 bil, while revenue rose by 4.3%. Earnings were assisted by gains from deconsolidating the firm's pension fund and from financial asset disposals.

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Gazprom net rises on strong demand in Western Europe

Article Abstract:

OAO Gazprom of Russia posted stellar profit of 185.16 billion Rubles ($6.92 billion) doubling from 91.63 billion Rubles last year. Strong revenues are due to increased natural gas sales to Western Europe and higher prices.

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