Reuters logo
Russian power firms OGK-1, OGK-3 boost 2011 profit
March 20, 2012 / 3:22 PM / 6 years ago

Russian power firms OGK-1, OGK-3 boost 2011 profit

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below