IFRS net profit of JSC Tyumenenergo for H1 2014 decreased by 37.65% to RUB 2.651 billion from RUB 4.252 billion in H1 2013, the company reported.
Revenue increased by 5.64% to RUB 25.683 billion from RUB 24.313 billion, profit from operations decreased by 34.81% to RUB 3.353 billion from RUB 5.143 billion, pre-tax profit by 31.18% to RUB 3.486 billion from RUB 5.065 billion.
JSC Tyumenenergo (tax number: 8602060185) is the largest power supply system of the Ural region ranking the second largest power supply system in the Russian Federation, officially recognized as an inter-regional distribution company. Tyumenenergo's centralized electric power supply covers an area of over 1.4 million sq. km. The company has 9 branches.
Tyumenenergo's authorized capital is RUB 27.374 billion represented by 273,738,951 common shares at par value of RUB 100 each. No preferred shares are issued to represent the authorized capital. The sole shareholder of Tyumenenergo is JSC Russian Grids.
IFRS net profit of JSC Tyumenenergo for 2013 grew by 70.49% to RUB 5.282 billion from RUB 3.098 billion the year before. Revenue increased by 9.12% to RUB 51.244 billion from RUB 46.962 billion, profit from operations by 67.34% to RUB 6.999 billion from RUB 4.183 billion, pre-tax profit by 65.38% to RUB 7.049 billion from RUB 4.263 billion.
According to the DataCapital information retrieval system, RAS net profit of JSC Tyumenenergo for H1 2014 was RUB 1.761 billion against a loss of RUB 1.087 billion the year before. Revenue increased by 3.37% to RUB 25.786 billion from RUB 24.945 billion, sales profit by 7.27% to RUB 3.432 billion from RUB 3.2 billion, pre-tax profit was RUB 2.691 billion against a loss of RUB 534.918 million for the same period in 2013.