Authorized capital of Gazpromtrans increased to RUB 13.42 billion

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AK&M 07 October 2020 18:46

Gazprom has increased the authorized capital of its subsidiary Gazpromtrans LLC to RUB 13.42 billion from RUB 8.93 billion, according to Russia's Unified State Register of Legal Entities.

Gazpromtrans LLC is a freight forwarding company integrating railway assets into a single technological complex and implementing a unified approach to rail shipments of commercial products from enterprises of Gazprom Group and Russian oil and gas companies. The company is a specialized wholly-owned subsidiary of PJSC Gazprom, one of the top 20 leading Russian rolling stock operators, with a total fleet under management exceeding 30,000 railcars.

PJSC Gazprom (tax number: 7736050003) is the world's biggest gas company. Its authorized capital is RUB 118.367 billion and consists of 23,673,512,900 common shares with a face value of 5 rubles. The company has several hundred thousand shareholders in Russia and abroad. The Russian Federation owns more than 50% of Gazprom's shares. The Bank of New York Mellon is the depositary of Gazprom's ADR program.

IFRS profit of PJSC Gazprom for the first half of 2020 dropped by almost 95% to RUB 45.46 billion from RUB 878.644 billion a year earlier. Revenue from sales decreased by almost 29% to RUB 2.903 trillion from RUB 4.077 trillion, profit from sales by 75% to RUB 189.985 billion from RUB 780.878 billion. Loss before tax was RUB 16.806 billion against a profit of RUB 1.125 trillion.