MOSCOW, Aug 13 (PRIME) -- Russian power producer Mosenergo expects the net profit under Russian Accounting Standards (RAS) at least at 13 billion rubles in 2019 after 23.77 billion rubles in 2018, Director for Development Sergei Zakhryamin said at a conference call on Tuesday.
УFrom the point of view of net profit indicators, we expect the figure to amount to no less than 13 billion rubles at the year end, Ф Zakhryamin said.
He said that the RAS figures will be close to reporting under International Financial Reporting Standards. A forthcoming deal to swap shares with Wholesale Generating Company-2 (WGC-2) will not influence MosenergoТs financials.
Mosenergo expects capital expenditures to amount to 17 billion rubles value-added tax (VAT) included, he said. УFrom the point of view of capital expenditures, the guidance today is about 17 billion rubles VAT inclusive in 2019. This is caused, among other factors, by fulfillment of efficient projects.Ф
(65.4287 rubles Ц U.S. $1)