In 2012, Novatek’s net profit under IAS decreased by 42% to 69.46 billion rubles
Edited by Rhod Mackenzie / 2013-03-11 12:49:42
On Thursday, Novatek published its audited consolidated financial accounting under IAS for 2012 and 2011. On results of the last year, the company’s sales proceeds increased by over 20% almost to 211 billion rubles, and the net profit fell by 42% to 69.46 billion rubles, but the adjusted profit grew by almost 23% to 69.51 billion rubles.
