May 30, 2018 / 7:13 AM / 3 months ago

Russia's Gazprom says first quarter net income rises to $6 billion, beats forecast

MOSCOW (Reuters) - Russian gas giant Gazprom said on Wednesday its first-quarter net income had risen 11 percent to 371.6 billion roubles ($6 billion), thanks to higher gas prices and sales volumes, beating analysts expectations.

FILE PHOTO: 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/File Photo

Analysts polled by Reuters expected Gazprom’s net income to stand at 338.3 billion roubles.

Gazprom’s sales in January - March increased by 18 percent to 2.14 trillion roubles.

Reporting by Vladimir Soldatkin; Editing by Tom Balmforth

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