Gazprom received over 447 billion rubles. quarterly profit after loss a year earlier

For the first quarter of 2021, Gazprom’s IFRS net profit amounted to RUB 447.263 billion. For the same period last year, the company showed a loss of 116.249 billion rubles.

“For the three months ended March 31, 2021, the amount of profit attributable to shareholders of PJSC Gazprom amounted to RUB 447,263 million,” the company’s website says.

The above EBITDA increased by 193.649 billion rubles. (+ 38%) for three months of 2021 and amounted to 700.596 billion rubles. Gazprom attributes this change primarily to an increase in sales revenue.

Net debt decreased by RUB 135.308 billion, or 3%, from RUB 3,872,695 million. as of December 31, 2020 up to RUB 3.7 trillion “This change is mainly due to an increase in cash and cash equivalents balances,” the company notes.

About Gazprom’s plans for production in 2021 – in the material of Kommersant.