OJSC TEK Mosenergo (literally from Russian: Mosenergo Heat and Power Company, a subsidiary of OJSC Mosenergo) increased its holding of common shares in OJSC Trust Hydromontazh in pursuance of its 2013 investment program, according to a statement by the press center of TEK Mosenergo.
The company's stake increased following securities purchase / sale transactions.
It will be recalled that in July, JSC RusHydro withdrew from Trust Hydromontazh selling its 33.54% stake in the amount of RUB 1.663 billion to TEK Mosenergo.
OJSC Mosenergo (tax number: 7705035012) is an electric power generating company of Russia using organic fuel. It consumes over 20 billion cubic m of gas annually. Mosenergo operates 15 power stations with the installed electric power of 12.3 thousand MW and the installed thermal power of 35.01 thousand Gcal (40.6 thousand MW). The company's power stations deliver 60% of electric energy consumed in Moscow region and cover 70% of Moscow's demand for thermal energy.
In 2012, the company's electric power output was 61.334 billion kWh, heat production totaled 68.353 million Gcal.
The company's authorized capital is RUB 39.749 billion and is represented by 39,749,359,700 common shares at par value of 1 ruble each. OJSC Gazprom energoholding owns 53.5% of its authorized capital, the Government of Moscow owns 26.45%, CJSC Inter RAO Capital owns 5.05%.
IFRS net profit of OJSC Mosenergo for H1 2013 increased by 0.41% to RUB 5.19 billion from RUB 5.169 billion for the same period in 2012. Revenue decreased by 5.01% to RUB 81.351 billion from RUB 85.646 billion, profit from operations grew by 17.77% to RUB 6.681 billion from RUB 5.673 billion, pre-tax profit decreased by 0.11% to RUB 6.448 billion from RUB 6.455 billion.
According to the information and retrieval system DataCapital, RAS net profit of OJSC Mosenergo for H1 2013 grew by 14.69% to RUB 5.626 billion from RUB 4.906 billion the year before. Revenue decreased by 5.24% to RUB 80.495 billion from RUB 84.944 billion, sales profit increased by 48.69% to RUB 9.489 billion from RUB 6.382 billion, pre-tax profit by 9.78% to RUB 7.286 billion from RUB 6.636 billion.