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Russia's Gazprom seen doubling Q4 profit thanks to stronger rouble

  MOSCOW: Russian gas giant Gazprom is on average expected to report a 95 percent rise in fourth-quarter net inc
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By Shoaib Ur Rehman
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gazprom-1024MOSCOW: Russian gas giant Gazprom is on average expected to report a 95 percent rise in fourth-quarter net income to 220 billion roubles ($3.9 billion) thanks to a stronger rouble and recovery in oil prices, a poll of analysts showed on Wednesday.

A stronger rouble cuts payments of debt denominated in foreign currency, while at the same time it negatively impacts exports revenue. Gazprom reports in roubles.

 

Copyright Reuters, 2017
 

 

 

 

 

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