BG Group Plc, which agreed to be acquired by Royal Dutch Shell Plc in April in the year’s biggest energy deal, reported third-quarter earnings that beat analysts’ estimates after it raised oil and natural gas production.
Adjusted net income fell 63 percent to $280 million from $759 million a year earlier, BG said Friday in a statement. That beat the $200.5 million average estimate of 11 analysts surveyed by Bloomberg. The Reading, England-based company took a non-cash charge of $344 million because of the impact of currency movements on deferred and current tax balances in Brazil and Australia, resulting in net loss of $101 million, according to the statement.
Brazil Energy Insight 
Leave a comment