Gazprom Says Q2 Net Profit Down 17%

Second-quarter net income of Russian gas giant Gazprom declined by 17 percent year-on-year to 244.9 billion roubles ($3.8 billion), the company said on Monday, as spendings grew.

 

April-June sales increased by 5 percent to 1.33 trillion roubles.

 

The company also said that average gas price for Europe and other countries fell by 18 percent to 12,798 roubles ($197.5)per 1,000 cubic metres in the first half of 2016.

 

($1 = 64.8045 roubles)

(Reporting by Vladimir Soldatkin and Maria Kiselyova; Editing by Lidia Kelly)