25 Aug 2009 11:32

Gazprom could post 70% drop in Q1 earnings

MOSCOW. Aug 25 (Interfax) - Gazprom could post a 70.6% drop in net profit to International Financial Reporting Standards (IFRS), analysts from 16 investment banks and companies told Interfax in a consensus forecast.

The median net profit forecast is 79.6 billion rubles. The analysts expect revenue to have fallen 3% to 872 billion rubles and earnings before taxes, depreciation and amortization (EBITDA) to be down 28% to 304 billion rubles.

The Russian gas giant is expected to unveil the IFRS report early on August 26.