Gazprom Records Highest Profit in History

During the first half of this year, Gazprom earned 718.311 billion rubles of net profit following Russian standards (RAS), financial statements showed.

According to Russian media, this is a record figure in the entire history of the company.

In the first half of last year, Gazprom’s loss amounted to 253.869 billion rubles, a result obtained after recalculating the result of last year, which amounted to 277 billion rubles of loss.

The company’s revenue increased by 46% to 2.754 trillion rubles. Gross profit increased 2.2 times to 1.405 billion rubles.

In January – June 2021, Gazprom increased gas supplies to China via the Power of Siberia gas pipeline 2.94 times compared to the same period in 2020, to 4.62 billion cubic meters.