IFRS net profit of IDGC of North-West, JSC for H1 2014 was RUB 523.697 million against a loss of RUB 246.828 million the year before, the company reported.
Revenue increased by 17.74% to RUB 23.97 billion from RUB 20.359 billion, profit from operations 4.56-fold to RUB 1.411 billion from RUB 309.196 million, pre-tax profit was RUB 725.723 million against a loss of RUB 138.039 million for H1 2013.
Interregional Distribution Grid Company of North-West, JSC (IDGC of North-West, tax number: 7802312751) has been operating as a single operational company since April 1, 2008 (being a wholly owned subsidiary of RAO UES of Russia until then). It includes seven branches: Arkhenergo, Vologdaenergo, Karelenergo, Kolenergo, Komienergo, Novgorodenergo, Pskovenergo. The company provides services within an area of 1.6 million sq. km with the population totaling approximately 6.7 million, via air and cable transmission lines more than 170,000 kilometers long, the aggregate transformer capacity of the company's substations reaches 24.971 thousand MVA.
The company's authorized capital is RUB 9.579 billion. JSC Russian Grids has a 55.38% stake in IDGC of North-West.
IFRS net profit of IDGC of North-West, JSC for 2013 decreased by 2.49% to RUB 386.572 million from RUB 396.425 million the year before. Revenue increased by 33.5% to RUB 44.615 billion from RUB 33.419 billion, profit from operations by 88.12% to RUB 1.346 billion from RUB 715.596 billion, pre-tax profit by 34.46% to RUB 683.485 million from RUB 508.311 million.
According to the DataCapital information retrieval system, RAS net profit of IDGC of North-West, JSC for H1 2014 was RUB 523.42 million against a loss of RUB 256.237 million the year before. Revenue increased by 19.09% to RUB 22.56 billion from RUB 18.944 billion, sales profit by 17.67% to RUB 1.358 billion from RUB 1.154 billion, pre-tax profit was RUB 800.203 million against a loss of RUB 149.147 million for the same period in 2013.
"AK&M", 15.08.2014 18:00