VTB Bank released 4.5bn rub. in the 5-year credit to Mosenergo, the Bank informed.
The funds will be spent on the current activity. Thus, by now 8.25bn rub. were provided, all in all. The credits were received within the 25bn rub. worth credit lines.
Mosenergo (TIN 7705035012) is the largest energy generating company using the organic fuel. It involves 15 power plants with 12.3th MW in capacity which covers 43% of the consumers needs in Moscow. The consumption of gas covers 20bn m3 a year.
The major holder is Gazprom Energoholding having 53.5%; Moscow government - 26.45%; Inter RAO Capital - 5.05%. The share capital is worth 39.749bn rub. split in 39749359700 common stocks of 1 rub. par.
The 9-month 2013 net profit (IAS) moved up 30.11% to 3.738bn rub. from 2.873bn rub.; revenues being down 2.35% to 108.166bn rub. from 110.766bn rub.; operating profit doubled to 4.962bn rub. from 2.256bn rub.; pretax profit - 27.57% to 4.636bn rub. from 3.634bn rub.; EBITDA increased 26.35% to 15.718bn rub. from 12.44bn rub.
The 9-month 2013 net profit (RAS) increased 33.82% to 4.642bn rub. from 3.469bn rub. prior year period; revenues moved down 2.2% to 107.208bn rub.
from 109.617bn rub.; profit from sales boosted 2.65 fold to 8.525bn rub. from 3.213bn rub.; pretax profit - 22.78% to 6.355bn rub. from 5.176bn rub.