Kubanenergo BOD affirmed the business plan including the 2014-investment program and 2018 forecast, the company informed.
Kubanenergo (TIN 2309001660) is a basic energy supplier in Krasnodarsky reg. and Adygeia. It includes 11 electro grid entities (Krasnodarskie, Sochinskie, Armavirskie, Adygeiskie, Timashevskie, Tikhoretskie, Leningradsckise, Slvyanskie, Yugo-Zapadnye, Labinskie, Ust Labinskie). The length of the electric lines cover 90ths km. The Company is included into MRSK South.
The 2012-net losses (IAS) rose 3.57 fold to 3.491bn rub. from 976.623mln rub. prior year; revenues declined 3.56% to 27.769bn rub. from 28.796bn rub.; operating losses being up 4.4 fold to 3.906bn rub. from 888.534mln rub.; pretax losses - 3.14 fold to 4.284bn rub. from 1.366bn rub.
The 9-month 2013 net losses (RAS) increased 4.27% to 1.812bn rub. from 1.737bn rub. prior year; revenues moved up 8.75% to 22.471bn rub. from 20.663bn rub.; profit from losses coming to 117.861mln rub. vs. 433.185mln rub. in losses; pretax losses being up 0.64% to 2.118bn rub. from 2.105bn rub.