Gazprom net profits drop sevenfold in 2014 on ruble, Ukraine
Russia's gas giant Gazprom
Moscow - Arab Today
Russia's gas giant Gazprom on Wednesday reported its net profits in 2014 plunged sevenfold over the previous year, weighed down by economic sanctions and the devaluation of the ruble.
The company -- which was the most profitable in the world just a few years ago -- reported 159 billion rubles in net profits last year ($3 billion, 2.8 billion euros) compared to 1.14 trillion rubles ($21.8 billion, 20 billion euros at the current exchange rate) in 2013, according to Gazprom's annual report published Wednesday.
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Beirut - NNA
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Paris - Al Maghrib Today
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Paris - Al Maghrib Today
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Paris - Al Maghrib Today
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