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Lenenergo BOD affirmed nominees.

Mar. 6 Lenenergo BOD decided to include 18 nominees into the list of BOD nominees, the company informed.

Lenenergo (TIN 7803002209) is the largest regional grid company in the north western regions of Russia. It provides energy transfer to St.Pb. and Leningradsky reg. After the restructuring the Company fulfills the functions of the energy transfer and switching-on of the consumers.

The share capital is worth 785.118mln rub. split in 691854144 common and 93264311 preferred stocks of 1 rub. par each.

The IH 2013 net profit (IAS) was halved to 582.007mln rub. from 1.217bn rub. prior year; revenues declined 10.14% to 13.806bn rub. from 15.364bn rub.; operating profit - 32.28% to 1.727bn rub. from 2.55bn rub.; pretax profit - 2.17 fold to 749.565mln rub. from 1.626bn rub.

The 9-month 2013 net losses (RAS) increased 2.53 fold to 1.293bn rub. from 512.11mln rub. prior year period; revenues being down 0.95% to 24.343bn rub. from 24.576bn rub.; losses from sales coming to 34.501mln rub. vs. 535.085mln rub. in losses; pretax losses rose 2.93 fold to 897.559mln rub.

from 306.045mln rub.

"AK&M", 07.03.2014


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