Gazprom becomes world’s number 1 in net profit again
Russia’s energy major Gazprom showed record financial results for the second year running in 2011. The company beat not only other energy companies, but became the only company in the world with a net profit topping $40 billion.
“Gazprom has showed record financial results for 2011”, Gazprom’s CEO Aleksey Miller told the company’s annual general meeting on Friday. “The parent company’s sales revenue reached 3.5 trillion roubles ($106.4 billion), that’s 23% more than in 2010”.
Miller said for the first time in history the group’s net profit for 2011 topped one trillion rouble ($40 billion).
“We are the world leader in net profit for the second year in a row. Not just among oil and gas companies but among all companies in the world,” Miller added. Net profit in 2010 reached a record 968.557 billion roubles ($34.95 billion).
Gazprom’s shareholders elected the company’s new board with Victor Zubkov remaining Chairman and Aleksey Miller as Gazprom’s CEO.
Gazprom shareholders also approved dividend payouts of 8.97 roubles (27 cents) per share for 2011, a record figure for the company.
The shareholders also voted to pay Gazprom’s senior officials their annual bonuses despite the ongoing global financial crisis. Victor Zubkov, heads the board of directors, will receive over 22 million roubles ($668,500). Head of Gazprom Aleksey Miller will get 21.5 million roubles ($653,000). Others’ bonuses will be between 18 and 19 million roubles ($547,000).
the big russian “G”..this is one very connected company..very connected..