Gazprom Books $2.85 Billion Loss for First Nine Months of 2020
December 01 2020 - 2:58AM
Dow Jones News
By Jaime Llinares Taboada
Gazprom PJSC on Tuesday posted a loss for the first nine months
of the year, as the coronavirus pandemic hit natural gas demand and
prices.
The Russian gas giant booked a net loss of 218.38 billion rubles
($2.85 billion) for the nine months ended Sept. 30, compared with a
RUB1.048 trillion profit in the same period of 2019.
Bottom-line performance reflected weaker revenue, which fell 25%
to RUB4.301 trillion during the period. Gazprom said that net sales
to the European and other countries segment fell 40%, compared with
a 20% decline in former Soviet Union countries and 6% within
Russia.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
December 01, 2020 02:43 ET (07:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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