6 Aug 2012 18:50

NOVATEK to publish IFRS results for Q2 and H1 on Aug 10

MOSCOW. Aug 6 (Interfax) - Independent gas producer NOVATEK plans to publish its results for the second quarter and first half of 2012 according to international financial reporting standards (IFRS) on August 10, the company said on its website.

NOVATEK increased its IFRS net profit in the first quarter of this year by 13% year-on-year to 21.2 billion rubles. Sales revenue rose 21% to 54.373 billion rubles. The company's EBITDA went up by 7% to 25.177 billion rubles.

NOVATEK's net profit in the first half of 2011 and second quarter of that year came to 33.27 billion rubles and 14.4 billion rubles, respectively. NOVATEK's sales revenue in the first half of 2011 totalled 85.4 billion rubles and 40.58 billion rubles for the second quarter.