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re: Latest Updates: Russia-Ukraine Conflict
Posted on 5/2/24 at 1:37 pm to VolSquatch
Posted on 5/2/24 at 1:37 pm to VolSquatch
Russian Gazprom suffers net loss of almost US$6.7 billion in 2023
Thursday, 2 May 2024, 17:56
Russian Gazprom reported a financial loss of RUB 629 billion (almost US$6.7 billion) in 2023, compared to a net profit of RUB 1.226 trillion (US$13 billion) in 2022.
Source: Gazprom's report on International Financial Reporting Standards (IFRS)
Details: It is expected that in the first quarter of 2024, Gazprom lost over RUB 47 billion (US$501 million) on sales, compared to a profit of RUB 125.4 billion (US$1.34 billion) the previous year.
In addition, Gazprom's revenue fell by 27% last year to RUB 8.54 trillion from RUB 11.7 trillion in 2022.
The energy company's earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to RUB 618.369 billion, compared to RUB 2.798 trillion the previous year.
Ukrainska Pravda
Thursday, 2 May 2024, 17:56
Russian Gazprom reported a financial loss of RUB 629 billion (almost US$6.7 billion) in 2023, compared to a net profit of RUB 1.226 trillion (US$13 billion) in 2022.
Source: Gazprom's report on International Financial Reporting Standards (IFRS)
Details: It is expected that in the first quarter of 2024, Gazprom lost over RUB 47 billion (US$501 million) on sales, compared to a profit of RUB 125.4 billion (US$1.34 billion) the previous year.
In addition, Gazprom's revenue fell by 27% last year to RUB 8.54 trillion from RUB 11.7 trillion in 2022.
The energy company's earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to RUB 618.369 billion, compared to RUB 2.798 trillion the previous year.
Ukrainska Pravda
1
Posted on 5/2/24 at 3:13 pm to cypher
quote:
Russian Gazprom reported a financial loss of RUB 629 billion (almost US$6.7 billion) in 2023, compared to a net profit of RUB 1.226 trillion (US$13 billion) in 2022.
Yet Gazprom had to play games with "outages" in 2021 and 2020 causing the spot market to rise in Europe in an Enron manner.
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