Novatek announces 33 per cent increase in net income over last year

Novatek's Yamal LNG project 9243c4e6c1fa1938e50087fb954581e0
Novatek's Yamal LNG project 9243c4e6c1fa1938e50087fb954581e0
Novatek's Yamal LNG project
Novatek's Yamal LNG project

For the first half of 2018, Novatek has announced a profit of ₽108,063 million (US$1.717 billion), a 34 per cent increase to the ₽80,686 million reported for the same period last year.

Total revenues were ₽375,225 million, up from the ₽283,458 million made during the first half of 2017.

Operating expenses also went up, from last year's ₽203,397 million to ₽266,643 million.

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