UPDATE: Russia’s Unipro swings to 608.5 mln rbl IFRS net loss in Jan–Jun

(Adds details, link to full report in third, last paragraphs)

MOSCOW, Aug 11 (PRIME) -- Power producer Unipro, earlier known as E.ON Russia, posted a 608.49 million ruble net loss in January–June against a 5.755 billion ruble net profit in the same period of 2-15, as calculated under International Financial Reporting Standards (IFRS), as seen by PRIME in the company’s report on Thursday.

Revenue increased by 10.3% on the year to 39.514 billion rubles, but earnings before interest, taxes, depreciation and amortization (EBITDA) plummeted by about 99% to 106.993 billion rubles.

The 25 billion ruble repair works of the third power unit of the Berezeovskaya GRES power plant will be finished no earlier than in mid-2018. The company estimated losses from write-offs of assets due to an accident at the power plant in February at 10.973 billion rubles.

Unipro operates the Berezovskaya GRES, Surgut GRES-2, Yaivinskaya GRES, Shatura GRES, and Smolensk GRES power plants.

For further details, please, see the company’s report on its official Web site:

http://www.unipro.energy/files/14918/

(64.8137 rubles – U.S. $1)

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