UPDATE: RusHydro RAS net profit rises 12% to 26.6 bln rbl in JanuaryЦJune - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: RusHydro RAS net profit rises 12% to 26.6 bln rbl in JanuaryЦJune

(Adds details in paragraphs 3Ц5)

MOSCOW, Jul 30 (PRIME) -- The net profit of Russian hydropower giant RusHydro rose 12% on the year to 26.618 billion rubles in JanuaryЦJune, as calculated under Russian Accounting Standards (RAS), the company said in a report on Monday.

Revenue increased about 40% on the year to 82.837 billion rubles in the period.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 12% to 43.471 billion rubles.

The cost of sales soared about 70% to 47.37 billion rubles, and adjusted net profit increased 18% to 26.1 billion rubles.

The company attributed the increase in revenue and the cost of sales to a special markup to the price of electric power that the Russian government introduced in July 2017 in order to make power tariffs in the Far East equal to the average power tariff in the country. Excluding the factor, RusHydroТs revenue grew 9% to 63.73 billion rubles in the reporting period.

(62.9726 rubles Ц U.S. $1)


30.07.2018 17:11
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov