Russian gas monopoly Gazprom announced better than expected results, reporting a net loss of 2 billion rubles ($26 million) in the three months to end-September compared with the same period the previous year, with the foreign-exchange loss of 400 billion rubles offsetting a 14% rise in revenue to 1.29 trillion rubles.
Russia’s falling currency supported Gazprom’s ruble-denominated revenue, helping to offset export prices that fell to near the lowest in a decade.
Most of the company’s cost...
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