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Gazprom’s Q1 net profit seen edging up 1.4pc y/y

Gazprom’s Q1 net profit seen edging up 1.4pc y/yMOSCOW: Russian gas giant Gazprom is expected to report a 1.4 percent increase in first-quarter net profit to 338.3 billion roubles ($5.2 billion), according to the average of analysts’ forecasts, thanks to rising gas prices and export volumes.

Its earnings have been constrained however by losses related to foreign currency exchange rates.

Copyright Reuters, 2018
 

Source: Brecorder

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