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

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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