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18Feb/110

Gazprom increased the profit with 39% for the 9 months of 2010


GazpromThe net profit of Russian gas giant Gazprom for the 9 months of 2010 grew 39.5 percent year on year to 668.75 billion rubles (over 22.8 billion dollars). This according to a study published today condensed consolidated financial results of Gazprom in international (European) accounting standards, and the results are not audited. Over the same period the revenue from sales of Gazprom (with deduction of excise duty, VAT and customs duties) increased by 16% compared with the first nine months of 2009 amounted to over 2.507 trillion. rubles (more than 85.26 billion dollars). In the case of inefficient operation of government Gazprom may take a monopoly on gas transmission system in the country, Prime Minister of Russia Vladimir Putin. In his words, "if you (Gazprom) do not start to work effectively, we will be forced to go to modify the existing rules. According to Putin's problem is that there is shortage of transmission capacity, "and we (the state in the face of Gazprom) do not allow anyone to this area.
"You have to react accordingly and invest resources in infrastructure development, underlines Putin, addressing the management of Gazprom.

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