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News // Companies

Gazprom Income to Exceed Expectations

09 June 2004 , 10:58384
The income of Russian gas monopoly Gazprom is likely to surpass the forecast by 1.15 trillion rubles in 2004, according to financial and economic department deputy head Alexander Dushko told Gazprom shareholders on Tuesday.

He said that net profits would be close to last year ones, 142.6 billion rubles.

He explained the growing revenues with larger export profits. The Russian gas giant gets three-fourths of its revenues from exports. An average price on exported gas made $127 per 1,000 cubic meters in January-June 2004.

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