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BG Group Q1 Pre-tax Profit Edges Down - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

BG Group plc (BRGYY.PK,BG.L) reported that its first-quarter pre-tax profit declined to $2.105 billion from $2.129 billion in the year ago quarter. Business performance, which excluded certain items, pre-tax profit for the quarter was $2.070 billion, down from 2.206 billion last year.

Profit attributable to Shareholders for the quarter slid to $1.207 billion from the prior year's $1.217 billion. Business performance profit attributable to Shareholders for the quarter declined to $1.183 billion from $1.225 billion in the year ago quarter.

Earnings per share continuing operations for the quarter rose to 35.3 cents from 34.2 cents last year.

Business performance Revenue and other operating income increased 1% to $4.917 billion, reflecting the benefit of higher realised gas prices partially offset by a 3% decrease in production volumes and fewer LNG cargo deliveries.

Group revenue and other operating income for the quarter rose to $5.01 billion from $4.82 billion in the year ago quarter.

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