BG boosts profits

British oil and gas firm BG Group today said profits gushed 28% higher in the third quarter after the price of oil hit record highs.

BG boosts profits
Thu, 11 Nov, 2004 - 14:20

British oil and gas firm BG Group today said profits gushed 28% higher in the third quarter after the price of oil hit record highs.

Reading-based BG banked £393m (€561.2m) in profits after receiving 32% more for each barrel of oil it sold during the three months to September 30.

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