Net profit attributable to shareholders of NOVATEK totaled RUB 111.99 bln, down 43.5% Y-o-Y
NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2017 prepared in accordance with International Financial Reporting Standards (“IFRS”).
In the 9-month period, net profit attributable to shareholders of PAO NOVATEK totaled RR 111.99 bln (-43.5%, year-on-year).
In the nine months of 2017, NOVATEK’s total revenues amounted to RR 414.2 billion and Normalized EBITDA, including our share in EBITDA of joint ventures, totalled RR 183.5 billion, representing increases of 5.3% and 2.3%, respectively, as compared to the corresponding period in 2016.
PAO NOVATEK is one of the largest independent natural gas producers 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 80% of Russia’s natural gas production and approximately 16% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».”