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9/27, 10:54 AM (Source: TeleTrader)
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Chart for: Gazprom (T+ Shares and DRs)

Gazprom's EBITDA reaches new historic high

Famil Sadygov, Deputy Chairman of the Gazprom Management Board, said on Tuesday that the company's EBITDA results for the first half of the year are more than two times higher than the one registered in the first half of 2021 and have reached a new historical record of 3.05 trillion rubles ($52.5 billion), the company announced on its Telegram channel.

The company's net profit stood at 2.5 trillion rubles in the first half of 2022, surpassing the figure from the same period a year ago by more than 2.6 times and reaching a level that is higher ''than the total profit of Gazprom Group for the previous two calendar years'' put together.

''This result was achieved not only due to high prices but also a strict approach to controlled operating costs,'' Gazprom explained.

Baha Breaking News (BBN) / MM