Gazprom boasts $16b net profit in Q1 2011August 30, 2011 - 14:13 AMT PanARMENIAN.Net - Russian gas giant Gazprom saw its January-March 2011 net profit jump 44 percent year-on-year to 467.969 billion rubles ($16 billion) to IFRS, the firm said in a statement on Tuesday, August 30. Revenue rose 38 percent to 1.316 trillion rubles in the quarter. Pre-tax profit increased about 40 percent to 591.066 billion rubles in the first quarter of 2011 year-on-year, the company said, RIA Novosti reported.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
