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Strong gas prices boost BG Group
Strong gas prices and a rise in
production sparked a 43% rise in net
profits for the UK energy exploration
and production firm BG Group.
The company, formed in 1997 from the
demerger of British Gas into BG Group
and Centrica, said second-quarter
profits rose to £275m ($478m).
Operating profit was £491m, compared
with forecasts of £485m, up from £347m.
"BG Group's growth programme remains
firmly on track," said chief executive
Frank Chapman.
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