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    market news

    Gazprom Q3 Profit Rises, Spending a Concern

    Investing News Network
    Jan. 17, 2013 09:38AM PST
    Oil and Gas Investing

    Reuters reported that Gazprom reported negative free cash flow in Q3, which is causing analysts concern about their rate of spending.

    Reuters reported that Gazprom reported negative free cash flow in Q3, which is causing analysts concern about their rate of spending.

    As quoted in the market report:

    Operating cash flow plummeted 32 percent in the quarter to 258.3 billion roubles, and the company revised its capital spending figure for the full year up to $44 billion.

    To view the whole Reuters report, click here.

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