Gazprom 2011 Profit Probably Rose 25% to $40 Billion on Demand

Feb. 1 (Bloomberg) -- OAO Gazprom, Russia’s natural-gas export monopoly, said net income probably rose 25 percent last year to almost $40 billion as demand and prices climbed.

Export revenue climbed 40 percent to about $98 billion, pushing up total revenue by 27 percent to $150 billion, Gazprom said, based on preliminary numbers, without saying what standards it used.

Gazprom today reported third-quarter net income to international accounting standards of 152 billion rubles ($5 billion), a 4.4 percent decline from a year earlier.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net