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Article: United Kingdom: BG Group Third-Quarter Profit Declines 44% on Lower Gas Demand, LNG Prices.(Financial report)

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TendersInfo
Article date:
October 29, 2009
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Byline: prashant03

BG Group Plc, the U.K. s third- largest natural-gas producer, posted a 44 percent drop in profit because of lower demand as production fell short of its expectations following a delay in Tunisia.

Net income in the third quarter declined to 484 million pounds ($791 million) from 857 million pounds a year earlier, the Reading, England-based company said in a statement today. BG fell the most in a month in London trading after saying its Hasdrubal project in Tunisia won t start until the end of November.

BG reported positive business performance earnings this morning, said Jason Kenney, an analyst at ING Wholesale Banking in ...

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