Gazprom loses 2bn RUR in Q3’15

18 January 2016 (11:53)

January 18, 2016. Gazprom’s IAS-calculated net loss amounted to 2bn RUR sharp in the third quarter of 2015 (against 105.676bn RUR in profit a year earlier), Interfax reports.

This figure was actually better than the Interfax panel forecast of 17.509bn RUR in losses. Uralsib proved to have made the closest informed guess at this.

The company’s free cash flow is now back to positive (29bn RUR), its revenues are up by 14% (1.293 trillion RUR against the expected 1.286 trillion). Its EBITDA rose by 3%, up to 490.875bn RUR (against the expected 448bn RUR). The company lost 400.378bn RUR on dollar/ruble exchange rate fluctuations (against the expected 360bn).

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