In 2012, OJSC TGK-1 increased generation of electric power by 7.1% to 30.388 billion kWh, TGK-1 informed.
In 2012, the volume of electricity sales in the wholesale market increased by 9.5% and reached, 34,196.8 million kWh, thanks to the sale of electricity in the day-ahead market.
OJSC TGK-1 (tax number: 7841312071) generates and supplies electric and thermal power to the Northwest region of Russia. It comprises 55 power stations in four constituents of the Russian Federation: St.-Petersburg, republic Karelia, Leningrad and Murmansk regions. The company's generating assets include power stations of various types (thermal power plants, hydroelectric power plants, diesel plants, combined). Also, its assets include heat distribution networks exceeding 940 km.
The authorized capital of TGK-1 of RUB 38.543 billion is represented by 3,854,341,416,571 common shares at par value of RUB 0.01. Its major shareholders are: Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (25.66%).
Net profit (IFRS) of OJSC TGK-1 for 9 months 2012 decreased by 8.5% to RUB 3.383 billion from RUB 3.698 billion for 9 months 2011. Revenue decreased by 1.74% to RUB 42.419 billion from RUB 43.172 billion. Pre-tax profit increased by 6.16% to RUB 4.901 billion from RUB 4.617 billion.
According to the information and retrieval system DataCapital, net profit (RAS) of OJSC TGK-1 for 9 months 2012 decreased by 33.07% to RUB 1.951 billion from RUB 2.915 billion for 9 months 2011. Revenue decreased by 1.17% to RUB 40.984 billion from RUB 41.47 billion, GP by 39.3% to RUB 2.469 billion from RUB 4.07 billion.