BG Group Reports Strong 3rd Quarter

BG Group plc announced its third quarter results for 2001, maintaining a strong performance for the year with substantial growth in profits and earnings.

Total operating profit rose by 20 percent to £202 million. Underlying performance has continued to improve and, excluding the impact of changes in gas and oil prices in the upstream business, the Group's total operating profit rose by 18 percent. Earnings increased to £102 million and earnings per share rose by 18 percent to 2.9 pence.

BG Group Chairman Richard Giordano said, 'BG Group continued its delivery of strong profit and earnings growth in the third quarter, building on the solid performance achieved in the first half of the year.'

Chief Executive Frank Chapman said, 'These results reflect a quarter of robust operational performance, project delivery and exploration success, together with key portfolio moves.'