Russia Novatek Q2 profit down 33 pct y/y

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MOSCOW | Fri Aug 10, 2012 2:42pm BST

MOSCOW Aug 10 (Reuters) - Novatek, Russia's top non-state gas producer, said on Friday its second quarter net profit attributable to shareholders declined 33 percent to 9.66 billion roubles ($305.09 million) due to a forex loss, in line with consensus.

Novatek said in a statement on Friday that its revenues were 45.15 billion roubles in the April-June of 2012 versus 40.63 billion roubles for the same period last year.

The company said it incurred a 5.299 billion roubles forex-related loss in the second quarter 2012 as compared to a non-cash gain of 766 million roubles in the same period of 2011.

A poll of analysts showed an average forecast of 9.67 billion roubles in second quarter net profit and revenues of 45.98 billion roubles.

($1 = 31.6627 Russian roubles) (Reporting by Vladimir Soldatkin)
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