Date: 7 months ago   Category: Energy

Novatek has increased net profit according to IFRS in the III quarter by 21,6% — to 45,9 billion rubles — Rambler News Service


The net profit of Novatek according to the International Financial Reporting Standards (IFRS) has grown in the III quarter 2018 by 21,6% in comparison with an indicator for the same period of last year and has made 45,9 billion rubles, it is said in the statement of the company. The net profit of the company for January-September has increased by 8,1% - to 121,062 billion rubles. The revenue of Novatek in the III quarter has grown by 1,7 times and has made 219,366 billion rubles, revenue in nine months has increased by 43,6% — to 594,591 billion rubles. Operating expenses in the III quarter have made 156,903 billion rubles, having increased by 1,7 times in comparison with an indicator for the same period of last year. Operating expenses in nine months have increased for 42,2% - up to 423,546 billion rubles. Profit before the taxation in the III quarter has grown by 34,5% and has made 64,596 billion rubles. In January-September profit before the taxation has increased by 18,6% - to 170,034 billion rubles. The indicator of EBITDA has increased in the III quarter twice and has made 118,091 billion rubles. In nine months of the current year the indicator of EBITDA was 295,736 billion rubles that is 1,6 times more, than in January-September of last year. Net profit without effects of leaving of shares of possession in joint ventures and of exchange differences in the III quarter has increased by 1,9 times - up to 65,522 billion rubles, in January-September - for 47,5%, up to 166,721 billion rubles.

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