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Friday, 09 January, 2009, 02:10 GMT | more >>

Novatek coins it in



By Upstream staff 

Russian gas player Novatek said has seen its net profit increase to 4.085 billion roubles ($154.1 million) million in the third quarter, well above analysts' forecasts.

Novatek's sales rose to 12.918 billion roubles ($487 million) in the period, compared to an average Reuters forecast of $474 million.

In the same quarter of 2005, Novatek reported net profit of $101 million and sales of $360 million.


Monday, 27 November, 2006, 13:53 GMT  | last updated: Monday, 27 November, 2006, 13:53 GMT

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