Novatek raises Q3 net profit 16.8 pct to $275.3 mln

Russia’s largest independent gas producer Novatek saw third quarter 2011 net profit fall 16.8 percent year-on-year to 8.41 billion rubles ($275.3 million) to IFRS, the firm said in a statement on Friday. Revenue in the quarter rose 35.8 percent to 39.98 billion rubles due to sales and price growth. The company’s liabilities grew 29 percent […]