icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
13 May, 2011 12:48

Novatek posts 1Q 2011 net profit of 18.8 billion roubles

Novatek posts 1Q 2011 net profit of 18.8 billion roubles

Russian gas producer, Novatek, has posted a 1Q 2011 net profit of 18.8 billion roubles under IFRS.

The net result is up from the 11.076 billion rouble net profit posted for 1Q 2010, as 1Q EBITDA climbed 52.3% year on year to 23.092 billion roubles, and 1Q revenues rose 61.7% year on year to 44.861 billion roubles.The company said the results reflected increased sales against a backdrop of firmer prices with its efforts to contain costs continuing to bear results. It also noted increased production at the Yurkharovskoye field contributed to a 21% year on year  increase in production.

Podcasts
0:00
23:13
0:00
25:0