Friday, February 8, 2008

Asian LNG demand helps BG exceed forecasts

Asian LNG demand helps BG exceed forecasts

By Dino Mahtani

Published: February 7 2008 10:23 | Last updated: February 8 2008 01:59

Higher demand for liquefied natural gas in Asia helped BG Group beat analysts’ forecasts with a 36 per cent increase in fourth-quarter profits.

Excluding disposals and other one-off items, the group earned £558m ($1.08m) in the fourth quarter, 8 per cent higher than expected. Pre-tax profits of £850m were 7.5 per cent higher than the same period a year ago.

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