IFRS net profit of JSC Irkurtskenergo for H1 2014 increased 2.39-fold to RUB 6.604 billion from RUB 2.765 billion for the same period in 2013, the company reported.
Revenue decreased by 3.6% to RUB 50.21 billion from RUB 52.087 billion, operating profit grew by 45.86% to RUB 8.937 billion from RUB 6.127 billion, pre-tax profit by 67.16% to RUB 8.209 billion from RUB 4.911 billion.
Irkutsk Joint Stock Company of Energetics and Electrification (JSC Irkurtskenergo, tax number: 3800000220) is the largest coal-processing energy company in Russia including heat power plants and hydroelectric power plants as well as heat distribution networks, coal strip mines, transportation enterprises, repair works and a preparation plant. The company's installed capacity is 12.9 GW including HPPs with an installed capacity exceeding 9 GW, The total output capacity of coal strip mines (hard and brown coal) is 18.4 million tpa.
IFRS net profit of JSC Irkurtskenergo for 2013 dropped by 32.61% to RUB 6.792 billion from RUB 10.078 billion the year before. Revenue increased by 0.58% to RUB 89.908 billion from RUB 89.387 billion, operating profit decreased by 15.96% to RUB 11.841 billion from RUB 14.09 billion, pre-tax profit by 23.31% to RUB 9.881 billion from RUB 12.885 billion.
According to the DataCapital information retrieval system, RAS net profit of JSC Irkurtskenergo for H1 2014 grew by 27.44% to RUB 6.023 billion from RUB 4.726 billion in H1 2013. Revenue decreased by 27.51% to RUB 26.15 billion from RUB 36.073 billion, sales profit increased by 5.47% to RUB 7.912 billion from RUB 7.502 billion, pre-tax profit by 31.58% to RUB 7.933 billion from RUB 6.029 billion.