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Moldovagaz Swings to Profit in 2011

CHISINAU (Moldova), May 30 (SeeNews) - Moldovan gas utility Moldovagaz, majority owned by Russia’s Gazprom, said it turned to a net profit of 52.3 million lei ($4.4 million/3.5 million euro) in 2011 from a net loss of 402 million lei in the previous year.

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