UPDATE: Gazprom swings to 395 bln rbl RAS net profit in Jan–Sep

(Adds details in last three paragraphs)

MOSCOW, Nov 14 (PRIME) -- Russian gas giant Gazprom posted a net profit of 395.1 billion rubles in January–September against a net loss of 9.2 billion rubles in the same period of 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report Wednesday.

Revenue increased 19.6% to 3.629 trillion rubles.

Gross profit rose 50% to 1.8 trillion rubles, and sales profit more than tripled to 737.2 billion rubles.

Cost of sales fell 0.5% to 1.826 trillion rubles.

Long-term liabilities increased 12% in January–September to 2.278 trillion rubles as of September 30.

(67.6812 rubles – U.S. $1)

End