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Lenenergo BOD holds sitting Dec. 24.

Lenenergo BOD is set for Dec. 24, the company informed.
BOD is going to consider the contracts with Inter RAO, FSK UES< TGK-1, etc.

Lenenergo (TIN 7803002209) is the largest regional grid company in the north western regions of Russia. It provides energy transfer to St.Pb. and Leningradsky reg. After the restructuring the Company fulfills the functions of the energy transfer and switching-on of the consumers.

The share capital is worth 785.118mln rub. split in 691854144 common and 93264311 preferred stocks of 1 rub. par each.

The IH 2013 net profit (IAS) was halved to 582.007mln rub. from 1.217bn rub. prior year; revenues declined 10.14% to 13.806bn rub. from 15.364bn rub.; operating profit - 32.28% to 1.727bn rub. from 2.55bn rub.; pretax profit - 2.17 fold to 749.565mln rub. from 1.626bn rub.

The IH 2013 net losses (RAS) gained 1.135bn rub. vs. 297.056mln rub. in profit prior year period; revenues being down 10% to 15.516bn rub. from 17.24bn rub.; losses from sales coming to 447.236mln rub. vs. 1.179bn rub.; pretax losses - 963.804mln rub. vs. 566.186mln rub. in profit.

"AK&M", 13.12.2013


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