Gazprom's profit decreased by 25 times
02.09.2020
The profit of the gas monopoly for the second quarter of 2020 fell by half compared to the same period last year to 149.2 billion rubles. And the profit in the first half amounted to 32.9 billion rubles, according to the company's IFRS report dated August 31. The company's revenue for six months fell by 28.8% and amounted to 2.903 trillion rubles, in the II quarter – by almost 35% to RUB 1.163 trillion
Famil Sadygov, whose words were quoted by the company in a release, drew attention to the fact that they had to work in extreme conditions: with a sharp drop in demand for energy resources, reduction of gas prices in Europe to historical lows, exchange rate volatility. The top manager specified that against this background, the volume of capital investments for the second quarter was the lowest since 2016. The debt burden has grown, but is at a controllable level, Sadigov added. Gazprom's net debt as of the end of June 2020, it grew by 16% compared to the figure at the beginning of the year to 3.684 trillion rubles, follows from the reporting.
but is at a controlled level, Sadigov added. Gazprom's net debt as of the end of June 2020, it grew by 16% compared to the figure at the beginning of the year to 3.684 trillion rubles, follows from the reporting. but is at a controlled level, Sadigov added. Gazprom's net debt as of the end of June 2020, it grew by 16% compared to the figure at the beginning of the year to 3.684 trillion rubles, follows from the reporting.
