Gazprom 2020 Pretax Profit, Sales Declined
April 29 2021 - 6:45AM
Dow Jones News
By Joe Hoppe
Gazprom PJSC said Thursday that its pretax profit and sales fell
in 2020 on the back of a drop in gas volumes sold and lower
prices.
The Russian gas giant said pretax profit fell to 133.47 billion
Russian rubles ($1.79 billion) in the year from RUB1.627 trillion
in 2019.
Total net sales slumped to RUB6.322 trillion, from RUB7.66
trillion a year prior. The company mainly attributed the fall to a
27% decline in the net average price and volume of gas sold to its
"Europe and other countries" segment. Meanwhile, net sales of gas
to former Soviet Union states slipped 17% in the year.
Adjusted earnings before interest, taxes, depreciation and
amortization fell by 21% year-on-year to RUB1.467 trillion.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
April 29, 2021 06:30 ET (10:30 GMT)
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