5 Replies to “October 23, 2024: Reader Tips”

    1. Hilarious. So they lost money *last year*, did they? Gee, I wonder how they are doing *this year*?

      “The publication notes that Gazprom has already reached a net profit of almost USD 12 billion in the first half of 2024.”

      Uh-huh… “It will only get worse”, you say? Looks more like it will only get better.

      1. Yes idiot it will only get worse:

        “As if this was not enough, a closer look at Gazprom’s newly released financials suggests that the worst may be yet to come, with three telltale signs that 2024 could be even more difficult than 2023.

        First, Gazprom’s accounts receivable—a measure of money due to be paid by customers—are in free fall, suggesting that the firm’s revenue inflow is drying up. Second, accounts payable shot up by around 50 percent in 2023, hinting that Gazprom is struggling to pay its own bills to various suppliers. Finally, short-term borrowing nearly doubled last year as Russian state-owned banks were enlisted to support the former gas giant.”
        https://foreignpolicy.com/2024/05/15/gazprom-2023-results-budget-war-economy-russia-putin-europe-china/

      2. “it said on Thursday it made a net loss of 364 billion roubles ($3.92bn) from sales in 2023, in contrast to a profit of 1.9 trillion roubles ($20.4bn) in 2022.

        Its total revenue fell to 8.5 trillion roubles ($91.5bn) last year from 11.7 trillion ($126bn) in 2022.”
        https://www.aljazeera.com/economy/2024/5/2/gazprom-falls-to-first-annual-loss-in-20-years-as-trade-with-europe-hit

        And since scale isn’t your friend: 1 trillion is 1000 billion.

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