RAS net loss of OJSC Magadanenergo for H1 2014 increased 39.69-fold to RUB 450.77 million from RUB 11.356 million for the same period in 2013, the company reported.
Revenue increased by 3.75% to RUB 3.33 billion from RUB 3.21 billion, sales loss 2.09 times to RUB 1.154 billion from RUB 553.343 million, loss before tax was RUB 504.357 million against a profit of RUB 7.86 million the year before.
JSC Magadanenergo (tax number: 4909047148) operating since 1966 has been part of JSC RAO Energy System of East since 2008. The company is engaged in the production, transmission and sale of electricity and heat energy to ultimate consumers, provides repair and adjustment services related to power facilities. One of Magadanenergo's special features is its isolation from the Russia's Unified Power System. The company supplies electric power to consumers of Magadan region, Chukotka autonomous area, some parts of the Oymyakonsky and Nizhnekolymsky uluses (districts) of the Sakha Republic (Yakutia), supplies heat energy to Magadan, Anadyr, Pevek cities, Myaundzha, Egvekinot settlements.
According to the DataCapital information retrieval system, RAS net profit of JSC Magadanenergo for 2013 increased 15.37 times to RUB 693.783 million from RUB 45.152 million the year before. Revenue increased by 25.94% to RUB 7.132 billion from RUB 5.662 billion, sales profit was RUB 58.886 million against a loss of RUB 610.679 million in 2012, pre-tax profit increased 7.67-fold to RUB 916.519 million from RUB 119.569 million.