NOVATEK posts 9M’13 net profit of RUB 57.88 bln (+13%, y-o-y)
NOVATEK has released its consolidated interim condensed financial information for the nine months ended 30 September 2013 prepared in accordance with International Financial Reporting Standards. The Company’s net profit totaled RUB 57.bln (+13%, year-on-year).
In the accounting period, NOVATEK revenue amounted to RUB 214.24 bln (+41.4%, year-on-year).
NOVATEK OJSC is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 90% of Russia’s natural gas production and approximately 17% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation.