• 2021 July 28 18:20

  NOVATEK announces consolidated IFRS results for Q2 and H1 of 2021

  

  PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and six months ended 30 June 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). 

  IFRS Financial Highlights (in millions of Russian roubles except as stated)

  2Q 2021	2Q 2020		1H 2021	1H 2020
  260,552	140,641	Oil and gas sales	501,301	323,236
  3,900	3,298	Other revenues	7,734	5,265
  264,452	143,939	Total revenues	509,035	328,501
  (195,164)	(116,239)	Operating expenses	(373,983)	(262,774)
  186	(14,077)	Other operating income (loss)	(436)	(47,313)
  69,474	27,336	Normalized profit from operations*	134,616	66,237
  83,247	37,655	Normalized EBITDA of subsidiaries*	159,872	83,038
  163,230	71,270	Normalized EBITDA including share in EBITDA of joint ventures*	307,066	171,938
  (14,648)	(50,903)	Finance income (expense)	(13,040)	90,550
  58,364	72,007	Share of profit (loss) of joint ventures, net of income tax	73,211	(73,224)
  113,190	34,727	Profit before income tax	194,787	35,740
  99,287	41,564	Profit attributable to shareholders of PAO NOVATEK	164,439	10,884
  88,958	21,220	Normalized profit attributable to shareholders of PAO NOVATEK*, excluding the effect of foreign exchange gains (losses)	164,731	74,767
  29.63	7.07	Normalized basic and diluted earnings per share*, excluding the effect of foreign exchange gains (losses) (in Russian roubles)	54.86	24.87
  47,381	61,340	Cash used for capital expenditures	88,827	102,483

  ^* Excluding the effects from disposal of interests in subsidiaries and joint ventures (recognition of a net gain on disposal and subsequent non-cash revaluation of contingent consideration).

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