Russia's largest independent gas producer said its revenues in the reporting period grew 26%, to 62.32 billion rubles (about $2.6 billion).
Novatek said early in April that its proven SEC-standard natural gas reserves had grown 0.3% year-on-year in 2007 to 653 billion cubic meters.
Established in 1994, Novatek handles prospecting, production and refining of gas and liquid hydrocarbons. Its gas fields are located in the Yamal-Nenets autonomous area, which has the world's largest natural gas reserves. The region accounts for over 90% of Russian natural gas output and around 20% of global gas production.