TGC-14 IFRS net profit soars 71% to 3.46 bln rbl in Jan–Jun

MOSCOW, Aug 29 (PRIME) -- The net profit of Russian power utility Territorial Generating Company-14 (TGC-14) attributable to its shareholders increased by 70.9% on the year to 3.46 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Monday.

Revenue lost 0.5% to 27.04 billion rubles. Operating costs contracted by 2% to 24.972 billion rubles.

(60.0924 rubles – U.S. $1)

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