BG Group Q3 net income decreases

UK-based energy company BG Group has reported a net income of GBP484 million, or 14.4 pence per share, for the third quarter of 2009, compared to GBP857 million, or 25.6 pence per share, for the same period of 2008.

The company has reported revenue and other operating income of GBP2.25 billion for the third quarter of 2009, compared to GBP3.29 billion for the same quarter of 2008.

BG Group reported a net income of GBP1.7 billion, or 50.7 pence per share, for the first nine months of 2009, compared to GBP2.37 billion, or 70.9 pence per share, for the corresponding period of 2008. Year-to-date revenue and other operating income was GBP7.73 billion, compared to GBP9.63 billion for the first nine months of 2008.

Frank Chapman, CEO of BG Group, said: "These results demonstrate once again the strength of BG Group's integrated gas business and this, together with current production levels around 700,000 barrels per day, up 12% on the fourth quarter of 2008, provides us with confidence in the outlook for the group's performance.

"BG Group has assembled an array of material, long-life projects, and we are now entering a period where we can look forward to these projects driving exceptional growth to the end of the next decade."

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