UPDATE: Novatek RAS net profit falls 1% to 90 bln rbl in Jan–Jun

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MOSCOW, Aug 14 (PRIME) -- The net profit of Russian independent gas producer Novatek fell 1% on the year to 90 billion rubles in January–June, as calculated under Russian Accounting Standards (RAS), the company said in a report on Monday.

Revenue increased 11.3% to 228.3 billion rubles.

The gross profit rose 13.8% to 109.3 billion rubles, and other incomes grew 7.3% to 210 billion rubles.

The cost of sales increased 9% to 119 billion rubles. Commercial expenditures rose 8.7% to almost 60 billion rubles, management costs rose 1.4% to 4.8 billion rubles, and other expenses went down 20.8% to 171.2 billion rubles.

Long-term liabilities fell 13.5% in January–June to 104.3 billion rubles as of June 30, and short-term liabilities decreased almost 20% to 66.2 billion rubles.

(60.1873 rubles – U.S. $1)

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