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MRSK Volga BOD holds sitting Dec. 20.

MRSK Volga BOD is going to consider the corrected innovation program till 2018, the company informed.

Besides, the criteria for the technological and price audit of investment projects should be considered.

MRSK Volga (TIN 6450925977) was registered in 2007 in Saratov. It involves 7 branches including Mordovenergo, Orenburgenergio, Penzaenergo and Chuvashenergo; Saratovskie, Samarskie, Ulyanovskie dispatching networks. The share capital is equal to 17.858bn rub. split in 178577801146 common stocks of 0.1 rub. par each. Russian Grids keeps 67.626% in the Company.

The 2012 net profit (IAS) moved up 34.56% to 2.374bn rub. from 1.765b rub. prior year period; revenues being down 4.43% to 45.908bn rub. from 48.037bn rub.; pretax profit moved up 49.68% to 3.228bn rub. from 2.157bn rub.; operating profit climbed up 48.08% to 3.564bn rub. from 2.407bn rub.; EBITDA - 26.78% to 7.211bn rub. from 5.688bn rub.

The 9-month 2013 net losses (RAS) gained 756.806mln rub. vs. 1.099bn rub. in profit prior year; revenues being up 2.28% to 35.136bn rub. from 34.353bn rub.; profit from sales declined 5.58 fold to 378.627mln rub. from 2.113bn rub.; pretax losses coming to 607.841mln rub. vs. 1.772bn rub. in profit.

"AK&M", 17:44, 04.12.2013 1251 AKM,COR


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