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Gazprom RAS net profit rises 80% in 9M06

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MOSCOW, November 16 (RIA Novosti) - Gazprom [RTS: GAZP] said Thursday its net profit calculated to Russian Accounting Standards (RAS) increased 80% year-on-year in the first nine months of 2006 to 235.83 billion rubles (about $8.7 billion).

The Russian energy giant said gross profit was up 30% year-on-year to 764.33 billion rubles (about $28.3 billion), pre-tax profit climbed 70% to 338.88 billion rubles (about $12.5 billion), and sales profit rose 60% to 375.89 billion rubles (about $13.9 billion).

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