Russia Inter RAO raises 2016 IFRS EBITDA guidance to 85 bln rbl

MOSCOW, Aug 29 (PRIME) -- Russian power holding Inter RAO has raised the forecast for earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2016 to 85 billion rubles from 79–80 billion rubles, Dmitry Palunin, a member of the management board, said Monday during a conference call.

The forecast is under International Financial Reporting Standards (IFRS).

In May, Inter RAO already raised its EBITDA outlook for 2016 to 79–80 billion rubles from 75–77 billion rubles.

In 2015, the company’s EBITDA under IFRS increased 26.3% to 71.125 billion rubles.

(64.7380 rubles – U.S. $1)

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