Russia's Mosenergo IFRS net profit rises 18.5% in 2013

MOSCOW, Mar 20 (PRIME) -- The net profit of Russian power producer Mosenergo rose 18.5% to 7.48 billion rubles in 2013, as calculated under International Financial Reporting Standards (IFRS), the company said late Wednesday.

Revenue fell 0.3% to 156.66 billion rubles in the period, while earnings before interest, taxes, depreciation, and amortization increased 17.8% to 23.85 billion rubles.

Controlled by Gazprom Energoholding, Mosenergo, also known as Territorial Generating Company-3 (TGC-3), operates in Moscow and the Moscow Region and has 15 electric power plants with a combined installed electric power capacity of 12,300 megawatts.

(36.2070 rubles – U.S. $1)

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