BG Group hitting its stride

Oil and gas giant BG Group's first quarter net earnings were sharply up on last year, with the group promising more growth to come as new production comes on stream.

Oil and gas giant BG Group's first quarter net earnings were sharply up on last year, with the group promising more growth to come as new production comes on stream.

Total operating profit in the first quarter was up 21% to $2.37bn from $1.97bn a year earlier. Net earnings rose by 55% to $1.27bn from a restated $819m the year before. Broker Charles Stanley had forecast first quarter net income of $1.3bn.

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