Volzhskaya Generating Company (Volzhskaya TGK) BOD is going to elect a chairman and members of profile committees at the sitting July 23, the company informed.
Besides, several interest-bearing deals and reports of the management company should be discussed.
Volzhskaya Generating Company (TGK-7, TIN 6315376946) was formed in 2005 within the realization of the energy systems restructuring (Samarskaya, Ulyanovskaya, Orenburgskaya, Saratovskaya). TGK-7 provides energy generation and transfer. It involves generating and heat supply assets of Samaraenergo, Saratovenergo and Ulyanovskenergo. 100% in Orenburgskaya TGK are contributed into the share capital of TGK-7 (in 2007). The Company involves 21 stations of 6879.7MW and 30687.2Gcal in capacities. It is included into KES Holding (Complex Energetic Systems).
The 2013-net profit boosted 2.28 fold (IAS) to 2.299bn rub. from 1.008bn rub. prior year; revenues moved up 11.06% to 70.269bn rub. from 63.274bn rub.; operating profit - 91.63% to 4.137bn rub. from 2.16bn rub.; pretax profit - 82% to 3.075bn rub. from 1.689bn rub.
The 2013 net profit (RAS) rallied up 7.81 fold to 2.122bn rub. from 271.638mln rub. prior year; revenues moved up 11.53% to 59.065bn rub. from 52.961bn rub.; profit from sales - 2.43 fold to 3.257bn rub. from 1.338bn rub.; pretax profit - 3.6 fold to 2.896bn rub. from 803.645mln rub.