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14

Gazprom Net Profit Gained 34pct

The unaudited net profit of Russian state-owned gas giant Gazprom

The unaudited net profit of Russian state-owned gas giant Gazprom grew 34% for the first quarter of 2005, the company's press service said Thursday.

The service said the 1st quarter 2005 profit hit 92,397 million rubles ($3.23 billion), against 68,395 million rubles ($2.39 billion) in the 1st quarter 2004.

The sales earnings, minus excise, VAT and customs payments, increased by 33% against the same period last year to reach 339,181 million rubles ($11.85 billion).