IFRS net profit of OJSC RusHydro for H1 2013 was RUB 10.818 billion against a loss of RUB 436 million the year before, the company reported.
Revenue increased by 7.09% to RUB 161.869 billion from RUB 151.155 billion, operating profit 2.8-fold to RUB 20.525 billion from RUB 7.325 billion, pre-tax profit 2.63-fold to RUB 17.344 billion from RUB 6.595 billion in H1 2012. EBITDA grew by 22.8% to RUB 38.7 billion.
As of June 30, 2013 the group's assets increased by RUB 40.39 billion against December 31, 2012 to RUB 894.657 billion.
The group's liabilities at the end of the reporting period increased by RUB 43.376 billion against December 31, 2012 to RUB 357.238 billion.
Open Joint-Stock Company Federal Hydro-Generating Company – RusHydro (JSC RusHydro tax number: 2460066195) is a Russian generating company comprising 61 hydroelectric power plants, 2 hydroelectric pumped storage power plants, three geothermal power plants in Kamchatka Krai, the Kalmyk wind power plant, the only Russian tidal power plant as well as the dikes of the Irkutsk HPS, Bratsk HPS and Ust-Ilimsk HPS. Also, the company owns 90% of the shares in CJSC International Energy Corporation and is implementing the Verkhne-Narynsky hydropower cascade construction project in Kirghizia together with OJSC Electric Stations. The total installed capacity of the company's assets reaches 36.5 GW. In H1 2013, RusHydro increased electric power generation by 16% to 66.633 billion kWh.
The company's authorized capital is RUB 317.638 billion. As of July 31, 2013, the Russian Federation owned 67.12% of RusHydro shares, while National Settlement Depository held 28.24%.
Net loss of JSC RusHydro for 2012 as per IFRS was RUB 25.539 billion against a profit of RUB 29.493 billion the year before. Revenue decreased by 17.74% to RUB 305.761 billion from RUB 371.696 billion, loss from current operations was RUB 2.482 billion against a profit of RUB 51.866 billion in 2011, loss before tax was RUB 18.058 billion against a profit of RUB 43.712 billion.
According to the information and retrieval system DataCapital, RAS net profit of OJSC RusHydro for H1 2013 grew by 47.6% to RUB 19.559 billion from RUB 13.251 billion for the same period in 2012. Revenue increased by 22.71% to RUB 54.177 billion from RUB 44.149 billion, sales profit by 49.89% to RUB 27.658 billion from RUB 18.452 billion, pre-tax profit by 52.71% to RUB 25.952 billion from RUB 16.994 billion.
"AK&M", 29.08.2013 18:44