Russia's Gazprom Neft Q1 net profit falls 42% y/y to $1.2 bln
MOSCOW, May 21 (Reuters) - Gazprom Neft (SIBN.MM), opens new tab, the oil arm of Russian energy giant Gazprom (GAZP.MM), opens new tab, said on Wednesday its first-quarter net profit dropped 42% to 92.6 billion roubles ($1.2 billion), hurt by declining sales and foreign exchange-related losses.
The company said its sales in the quarter declined by almost 9% to 890.9 billion roubles.
"The dynamics of the company's financial indicators in the first quarter of 2025 were affected by the deterioration of the macroeconomic situation, inflationary pressure and the growth of the tax burden," Gazprom Neft said.
($1 = 79.8955 roubles)
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Sky News
39 minutes ago
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Russian ambassador partly blames UK for Ukrainian drone attack: 'We perfectly know how much London is involved'
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Daily Mail
an hour ago
- Daily Mail
Fury as Labour peer accuses 'out of control' Ukrainian president Zelensky of 'scuppering' Russia peace deal with drone strikes on Kremlin airfields
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Telegraph
an hour ago
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Trump thought Zelensky's Russian air base strikes were ‘badass'
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