Far Eastern Generating Company (DGK) BOD is going to consider realization of the investment project on the reconstruction of Vladivostokskaya TETS-2 at the sitting Sep. 20, the company informed.
Besides, the 6-month report of the director general, credit contract in the volume of $150mln and some other issues should be discussed. Besides, the credit policy in favor of Agroenergo should be considered.
DGK (TIN 1434031363) provides energy transfer to Khabarovsky and Primorsky regions, Amursky reg., Jewish autonomous region and Sakha. It is one of the largest regional generating companies in Russia and major participant of the energy market in the Far East. It covers 5 regions. Along with Far Eastern Distribution Grid Company (DRSK) it is a wholly-owned sub of DEK providing corporate management of DGK and DRSK.
The share capital is worth 30.816bn rub. split in 3081634281900 common stocks of 0.01 rub. par.
The 2012 net losses (RAS) rose 15.44% to 1.893bn rub. from 1.64bn rub.; revenues increased 3.98% to 53.572bn rub. from 51.52bn rub. rub.; profit from sales dropped 39.74% to 824.674mln rub. from 1.368mln rub.; pretax losses being up 35.88% to 2.106bn rub. from 15.44bn rub.
The 2012 net profit (IAS) gained 114.419mln rub. vs. 14.345bn rub. in losses prior year; revenues added 4.63% to come to 53.79bn rub. from 51.409bn rub.; operating profit gained 3.235bn rub. vs. 12.806bn rub. in losses; pretax profit - 40.517mln rub. vs. 15.44bn rub. in losses.
The IQ 2013 net profit (RAS) moved up 30.72% to 1.67bn rub. from 1.277bn rub. prior year period; revenues climbed up 1.08% to 19.174bn rub. from 18.969bn rub.; profit from sales - 15.51% to 2.867bn rub. from 2.482bn rub.; pretax profit - 29.55% to 2.193bn rub. from 1.693bn rub.