Gazprom Group's net profit under IFRS increased 2.6 times in the first half of the year

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AK&M 27 September 2022 12:45

The net profit of Gazprom Group according to IFRS for the first half of 2022 amounted to 2.5 trillion rubles, which is not only 2.6 times higher than the figure for the first half of 2021, but also more than the total profit of Gazprom Group for the previous two calendar years. This was stated by the deputy chairman of the Gazprom Management Board, Famil Sadygov, the company reports.

The Group's EBITDA amounted to 3.05 trillion rubles, which is more than 2 times higher than the value of the first half of 2021 and is a new historical record. This result was achieved not only due to high prices, but also a strict approach to controlled operating costs, said F.Sadygov.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mellon.

Gazprom's profit under IFRS for 2021 amounted to 2.16 trillion rubles. compared with 162.4 billion rubles a year earlier. EBITDA increased by 151% to RUB 3.68 trillion. Net revenue from gas sales increased by 85% to RUB 5.65 trillion from RUB 3.05 trillion. Net revenue from the sale of oil and gas processing products increased by 44% to 2.59 trillion rubles. Net revenue from the sale of crude oil and gas condensate increased by 81% to 882.15 billion rubles.