Gazprom's Q2 IFRS earnings fall 12% to 170 bln rubles, above forecast
MOSCOW. Nov 8 (Interfax) - Gazprom reduced net profit to International Financial Reporting Standards (IFRS) 12% year-on-year in Q2 2010 to 169.731 billion rubles, the gas giant said in a statement.
This was more than the 162 billion rubles that analysts predicted in a consensus forecast for Interfax.
Gazprom said its sales revenue grew 21% to 764.477 billion rubles, and that earnings before taxes, depreciation and amortization (EBITDA) soared 44% to 289.593 billion rubles. The consensus was 759 billion rubles and 272 billion rubles, respectively.