MOSCOW, March 20 (Reuters) - Russian utilities companies OGK-1 and OGK-3, controlled by state electricity group InterRao, reported a rise in 2011 net profit due to increased production.
OGK-1, part owned by Rushydro and grid firm FSK , increased net profit in 2011 by 32.2 percent to 4.6 billion roubles ($157.76 million), while its revenue rose 13 percent to 55.75 billion roubles.
OGK-3, which has larger capacities than OGK-1, said it recorded a 800 million rouble net profit last year after a loss of 14.7 billion roubles in 2010.
OGK-3 said its revenue rose 14 percent to 43.6 billion roubles.
$1 = 29.1577 Russian roubles Writing by Andrey Ostroukh; editing by Megan Davies