IFRS net profit of JSC Yakutskenergo for H1 2014 grew by 87.39% to RUB 1.248 billion from RUB 666 million for the same period in 2013, the company reported.
Revenue increased by 11.06% to RUB 12.454 billion from RUB 11.214 billion, profit from operations by 49.14% to RUB 1.827 billion from RUB 1.225 billion, pre-tax profit by 56.57% to RUB 1.37 billion from RUB 875 million.
JSC Yakutskenergo (tax number: 1435028701) is part of JSC RAO Energy System of East. The company's authorized capital is RUB 9.296 billion represented by common and preferred shares at par value of 1 ruble.
The power supply system in the Sakha Republic (Yakutia) consists of the hydroelectric generation segment (Vilyuiskaya hydroelectric power plant) and the gas generation segment (Yakutskaya state district power station, Yakutskaya combined heat and power plant). Besides, 164 generation stations use diesel fuel, 129 of them are united as assets of the subsidiary company Sakhaenergo specializing in small-scale power generation.
IFRS net profit of JSC Yakutskenergo for 2013 increased 5.5 times to RUB 1.816 billion from RUB 330 million the year before. Revenue increased by 5.89% to RUB 22.839 billion from RUB 21.568 billion, profit from operations 2.24 times to RUB 2.56 billion from RUB 1.141 billion, pre-tax profit 4.82-fold to RUB 1.763 billion from RUB 366 million.
According to the DataCapital information retrieval system, RAS net profit of JSC Yakutskenergo for H1 2014 was RUB 598.921 million against a loss of RUB 171.409 million the year before. Revenue increased by 12.19% to RUB 11.787 billion from RUB 10.507 billion, sales profit 129.67-fold to RUB 631.872 million from RUB 4.873 million, pre-tax profit was RUB 586.82 million against a loss of RUB 88.082 million for the same period in 2013.