trending Market Intelligence /marketintelligence/en/news-insights/trending/NHIowddkhk7CiAD6hStBrw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Novatek Q1 profit climbs 32.3% YOY

Machine Learning and Credit Risk Modelling

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

Barclays Research – Now Available In The S&P Global Market Intelligence Aftermarket Research Collection


Novatek Q1 profit climbs 32.3% YOY

PAO NOVATEK said its normalized net income for the first quarter came to 77.04 Russian rubles per share, compared with the S&P Capital IQ consensus estimate of 80.22 rubles per share.

EPS climbed 32.6% year over year from 58.10 rubles.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 23.27 billion rubles, an increase of 32.3% from 17.59 billion rubles in the year-earlier period.

The normalized profit margin increased to 20.5% from 19.8% in the year-earlier period.

Total revenue climbed 28.3% on an annual basis to 113.74 billion rubles from 88.68 billion rubles, and total operating expenses climbed 35.9% year over year to 74.07 billion rubles from 54.50 billion rubles.

Reported net income grew 23.5% year over year to 31.07 billion rubles, or 102.88 rubles per share, from 25.16 billion rubles, or 83.09 rubles per share.

As of April 28, US$1 was equivalent to 51.60 Russian rubles.