The 2013-net profit at RAO ES East reached (IAS) 4.681bn rub. vs. 4.824bn rub. in losses prior year, the company informed.
The revenues added 6.33% to come to 139.596bn rub. from 131.284bn rub.; operating profit coming to 7.028bn rub. vs. 1.827bn rub. in losses; pretax profit - 1.97bn rub. vs. 6.569bn rub. in losses; EBITDA increased 37.18% to 17.032bn rub. from 12.416bn rub.
The growth is explained by the increased state subsides; rise in tariffs and revenues from sales.
RAO ES East (TIN 2801133630) was registered in June 2008. 52.7% are held by the Russian government. In line with the distributing balance of UES the stakes of DEK (51.03%), Yakutskenergo (47.39%), Magadanenergo (49%), Kamchatskenergo (98.68%), Sakhalinenergo (49%), DVEUK (100%), Mobile Energetics (49%) and stocks of energy sale companies were transferred to ES East. It is a Holding operating in all regions of the Far East and an assignee of the UES rights as of the Far Eastern energetics.
The 9-month 2013 net profit (IAS) dropped 10.68 fold to 1.027bn rub. from 10.965bn prior year. The revenues added 6.62% to come to 103.921bn rub. from 97.47bn rub.; operating profit reached 2.594bn rub. vs. 9.104bn rub. in losses; pretax losses declined 12.27 fold to 1.02bn rub. from 12.517bn rub.; EBITDA doubled to 5.766bn rub. from 2.549bn rub.
The 2013 net losses (RAS) gained 7.595bn rub. vs. 370.99mln rub. in profit prior year; revenues rallied up 20.77% to 1.103bn rub. from 913.049mln rub.; losses from sales being up 5.49% to 550.117mln rub. from 521.498mln rub.; pretax losses - 7.514bn rub. vs. 412.174mln rub. in profit.
"AK&M", 13:58, 18.03.2014 1251 AKM,COR