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2014-10-16 21:15:00

GAZPROM ROSE 13%

GAZPROM ROSE 13%

Russian state gas giant OAO Gazprom said second-quarter profit rose 13% on higher sales and prices which offset provisions for non-payment by Ukraine's Naftogaz.

Russia and Ukraine are locked in a dispute over prices and payments, with Gazprom saying it is owed some $5 billion for gas it has already supplied Ukraine's national gas company.

Gazprom, which reports quarterly results later than other listed companies, said on Tuesday that profit for the second quarter grew to 227.6 billion rubles ($5.63 billion). Revenue rose 19% to 1.32 trillion rubles.

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Tags: RUSSIA, GAS, GAZPROM, CHINA
Chronicle:
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