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Gazprom’s 2017 net profit under RAS down four-fold to 100.3 billion roubles

MOSCOW (Reuters) – Russian gas giant Gazprom’s net profit under Russian Accounting Standards (RAS) fell to 100.3 billion roubles ($1.74 billion) from 411.4 billion roubles in 2016, the company said in a regulatory filing on Thursday.

The logo of Russian gas giant Gazprom is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin

Gazprom calculates dividends on the basis of RAS profits. It is due to release its financial results under international standards this month.

Reporting by Oksana Kobzeva and Vladimir Soldatkin, writing by Denis Pinchuk; editing by John Stonestreet

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