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%.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

10-28-20 0745ET