Gazprom swings to 1.58 tln rbl IFRS net profit in Jan–Sep

MOSCOW, Nov 29 (PRIME) -- Russian gas giant Gazprom posted a net profit of 1.58 trillion rubles in January–September after a 202.2 billion ruble loss in the same period of 2020, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Monday.

Profit attributable to Gazprom’s shareholders amounted to 1.55 trillion rubles against a 218.4 billion ruble loss in the same period of 2020.

Sales revenue rose 60% to 6.7 trillion rubles.

The company’s net debt decreased 10% in the period to 3.485 trillion rubles as of September 30.

(75.5873 rubles – U.S. $1)

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