Novatek boost H1 profit by 70% to $612.5 million
Published: 14 August, 2008, 06:57
Russia’s second largest gas producer, Novatek, has unveiled a H1 2008 Net profit jump of 70% to $612.5 million, under IFRS.
Sales grew by 39.3% over the half to more than $1.78 billion, with operating expenditures also up over the half by 23 % to more than $963 million.
For Q2 operating expenses rose by 10% quarter on quarter to $501 million, with Revenues coming in at $864 million and EBITDA at $436 million.
14.08.2008, 06:32
Nabucco pipeline in doubtEurope and America will drop Georgia from a new oil and gas project after Tbilisi's attacks on South Ossetia. That's according to industry analysts, who believe the vast new Nabucco gas pipeline project, which deliberately bypasses Russia, will now be qui |
14.08.2008, 07:33
Federal Anti Monopoly Service says Mechel is guilty of competition law violationsRussia's Federal Antimonopoly Service (FAS) has declared Mechel Group guilty of violating competition law. |
