PAO NOVATEK said its first-quarter normalized net income came to 159.63 Russian rubles per share, compared with the S&P Capital IQ consensus estimate of 141.94 rubles per share.
EPS climbed 18.7% year over year from 134.49 rubles.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 48.16 billion rubles, an increase of 18.6% from 40.60 billion rubles in the prior-year period.
The normalized profit margin increased to 31.1% from 29.1% in the year-earlier period.
Total revenue climbed 11.0% year over year to 154.63 billion rubles from 139.35 billion rubles, and total operating expenses climbed 13.6% from the prior-year period to 109.09 billion rubles from 96.03 billion rubles.
Reported net income decreased 38.7% on an annual basis to 71.02 billion rubles, or 235.38 rubles per share, from 115.92 billion rubles, or 383.97 rubles per share.
As of April 27, US$1 was equivalent to 57.24 Russian rubles.
