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Gazprom posts 78.4 billion ruble net profit in first half despite Western sanctions
Russian energy giant Gazprom reported a net profit of 78.4 billion rubles in the first six months of 2024. The company had posted a loss of 10.76 billion rubles in the same period last year.
Russia's energy giant Gazprom announced its financial performance for the first half of 2024. According to the report prepared in accordance with Russian Accounting Standards (RAS), net profit reached 78.4 billion rubles (approximately 998 million dollars) in this period. Gazprom had recorded a loss of 10.76 billion rubles in the same period of 2023.
Other key financial indicators announced by Gazprom are as follows:
- Total revenue increased by 2.9 percent compared to the previous year, reaching 3.138 trillion rubles.
- Gross profit rose by 15 percent, reaching 1.082 trillion rubles.
- Profit before tax was recorded as 75.9 billion rubles. In the first half of last year, the company had announced a pre-tax loss of 31 billion rubles.
Gazprom, which has seen a significant decline in its share of the European market, continues to be one of the world's largest natural gas producers.
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