KMG profit soars on forex gains

Kazakh state-owned player KazMunaiGaz Exploration Production has jacked up profits by 160% in the first nine months of 2014 thanks to gaining on February’s devaluation of the local currency the tenge.

Profit push: Currency factor means increased KMG earnings
Profit push: Currency factor means increased KMG earnings
Published 6 November 2014, 09:04Updated 11 October 2016, 15:52
Eastern Europe