Russian Gas Giant Gazprom's First-Quarter Profit Falls 41% With Increasing Expenses, Sliding Ruble

ISTANBUL--September 15, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Russia's state-controlled gas company OAO Gazprom (PINK: OGAZPY) (Moscow, Russia) reported a 41% decrease in profits before taxes in the first three months of the fiscal year. The company cited higher finance expenses, due to the decreasing value of the ruble against major currencies and surging Ukranian debts.

Within this article: Latest information on Gazprom's first-quarter earnings.