Novatek 2013 Profit Rose 58% After Deals With Rosneft, CNPC
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OAO Novatek, Russia’s largest private gas producer, said 2013 profit rose 58 percent on gains from the sale of a stake in its Yamal project and an asset swap with OAO Rosneft.
Net income increased to 110 billion rubles ($3.1 billion) from 69.5 billion rubles a year earlier, the Tarko-Sale, Siberia-based company said today in a statement.