MRSK Volga BOD decided to consider the 2013-2018 investment program at the sitting Mar. 20, the company informed.
The interest-bearing deals also should be approved.
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 17.857bn rub. split in common stocks of 0.1 rub. par each. MRSK Holding keeps 67.626% in the Company.
The IH 2012 net profit (IAS) moved down 14.4% to 1.319bn rub. from 1. 542b rub. prior year period; revenues being up 0.48% to 24.487bn rub. from 24.369bn rub.; pretax profit dropped 2.8% to 1.74bn rub. from 1.79bn rub.; operating profit climbed up 0.7% to 1.905bn rub. from 1.891bn rub.
The 2012 net profit moved down 11.02% to 1.162bn rub. from 1.306bn rub. prior year. The revenues declined 10% to 4.31% to 45.764bn rub. from 47.827bn rub.; profit from sales rose 35.5% to 3.012bn rub. from 2.223bn rub.; pretax profit - 44.78% to 2.131bn rub. from 1.472bn rub. prior year.