TGC-1 RAS net profit doubles to 7.3 bln rbl in 2017

MOSCOW, Mar 2 (PRIME) -- The net profit of Russian power producer Territorial Generating Company-1 (TGC-1) doubled to 7.3 billion rubles in 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report Friday.

Revenue increased 11.2% to 82.85 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 32.8% to 18.6 billion rubles, and gross profit rose 13.8% to 10.76 billion rubles.

(56.4334 rubles – U.S. $1)

End