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Energoterra

OGK-6 OJSC: IFRS Statements for 9 Months of 2010

Декабря 21, 2010

OGK-6 OJSC made available its consolidated IFRS financial statements for 9 months of 2010. The Company’s revenues over 9 months of 2010 increased by 20% y-o-y up to RUB 36,143 million.

As of the end of 9 months of 2010, revenues from electricity and capacity sales were RUB 34,132 million, a 20% growth y-o-y. Revenues from thermal power sales went up by 7% up to RUB 1,635 million. Increase in revenues was due to a greater share of electricity sold on the wholesale market.
The operating expenses increased by 30% up to RUB 34,880 million, which mainly resulted from fuel spending spree in connection with greater generation and, as a consequence, greater fuel consumption, as well as higher fuel prices.
As a result, the profit from operating activities in the reporting period was RUB 1,409 million, and the net profit reached RUB 856 million. 
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