NOVATEK sees RAS profit fall 12% to 35.2 bln rubles in 9M

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NOVATEK sees RAS profit fall 12% to 35.2 bln rubles in 9M

MOSCOW. Nov 14 (Interfax) - NOVATEK saw its net profit to Russian Accounting Standards (RAS) fall 12% year-on-year to 35.2 billion rubles in January-September 2012, according to the independent gas producer's financial statement.

Revenue grew 8% to 123 billion rubles, cost of goods sold rose 15% to 40.7 billion rubles, and gross profit climbed 5% to 82 billion rubles.

Pre-tax profit was down 8% to 44 billion rubles in the nine months.

Meanwhile, to International Financial Reporting Standards (IFRS), NOVATEK boosted its net profit 23% to 51 billion rubles in January-September.