25 Oct 2017 14:59

Novatek boosts net profit 3.4% to 37.74 bln rubles in Q3

MOSCOW. Oct 25 (Interfax) - Novatek boosted net profit to International Financial Reporting Standards (IFRS) 3.4% to 37.737 billion rubles in Q3 2017 from 36.494 billion rubles for the same quarter in 2016, the gas producer said in a statement.

Revenue rose 3.3% to 130.7 billion rubles during the period. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 2.7% to 59.3 billion rubles.