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Kubanenergo BOD affirmed development plan.

Kubanenergo BOD affirmed the perspective plans of the development till

2018 and credit plan for IQ 2014, the company informed.
The report on the realization of the measures aimed to revive the Company and investment program till 2018.

Kubanenergo (TIN 2309001660) is a basic energy supplier in Krasnodarsky reg. and Adygeia. It includes 11 electro grid entities (Krasnodarskie, Sochinskie, Armavirskie, Adygeiskie, Timashevskie, Tikhoretskie, Leningradsckise, Slvyanskie, Yugo-Zapadnye, Labinskie, Ust Labinskie). The length of the electric lines cover 90ths km. The Company is included into MRSK South.

The 2012-net losses (IAS) rose 3.57 fold to 3.491bn rub. from 976.623mln rub. prior year; revenues declined 3.56% to 27.769bn rub. from 28.796bn rub.; operating losses being up 4.4 fold to 3.906bn rub. from 888.534mln rub.; pretax losses - 3.14 fold to 4.284bn rub. from 1.366bn rub.

The 9-month 2013 net losses (RAS) increased 4.27% to 1.812bn rub. from 1.737bn rub. prior year; revenues moved up 8.75% to 22.471bn rub. from 20.663bn rub.; profit from losses coming to 117.861mln rub. vs. 433.185mln rub. in losses; pretax losses being up 0.64% to 2.118bn rub. from 2.105bn rub

"AK&M", 11.02.2014


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