By Sabela Ojea
Novatek reported Wednesday a fall in net profit and revenue for the third quarter, but said it continues to achieve strong operating results and is implementing investment projects despite economic instability.
The Russian natural-gas producer posted a net profit of 13.17 billion Russian rubles ($171.5 million) for the quarter, compared with RUB369.96 billion in the same period a year earlier.
Revenue decreased to RUB163.77 billion from RUB189.16 billion, it added.
The London-listed company reported a 0.8% fall in natural gas production, while total hydrocarbon production rose 3.6%.
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(END) Dow Jones Newswires