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TGK-14 increased net losses.

The 2013-net losses at TGK-14 were doubled (IAS) to come to 1.389bn rub. from 668.486mln rub. prior year, the company informed.

The revenues moved up 25.59% to 10.785bn rub. from 8.587bn rub.; operating profit coming to 54.971mln rub. vs. 543.488mln rub. in losses; pretax losses being down 33.59% to 658.093mln rub. from 855.495mln rub.

TGK-14 (TIN 7534018889) was formed in Dec. 2004. In 2006 the restructuring in the generating company was completed. TGK-14 provides heat transfer to Zabaikalsky reg. and Buriyatia. The Company includes 7 stations of 633MW and 2707 Gcal in capacity. 76.92% are held by Energopromsbyt as the consortium founded by RZHD and ECH Group.

The 2012-net losses (IAS) declined 3.44 fold to 668.486mln rub. from 2.302bn rub.; revenues - 7.3% to 8.587bn rub. from 9.264bn rub.; operating losses - 4.92 fold to 543.488mln rub. from 2.676bn rub.; pretax losses - 3.31 fold to 855.495mln rub. from 2.834bn rub.

The 2013-net profit (RAS) gained 367.265mln rub. against 1.632bn rub. in losses; revenues rose 25.25% to 10.73bn rub. from 8.567bn rub.; profit from sales coming to 649.501mln rub. vs. 1.046bn rub. in losses; pretax profit - 540.323mln rub. vs. 1.966bn rub. in losses.

"AK&M", 12:35, 07.07.2014 1251 AKM,COR


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