25 Jul 2018 16:38

MOESK more than doubles RAS net profit to 2.4 bln rubles in H1

MOSCOW. July 25 (Interfax) - Moscow United Electric Grid Company (MOESK) boosted net profit to Russian Accounting Standards (RAS) 2.4-fold to 2.42 billion rubles, the company said in a report.

Revenues were up 8.3% to 76.5 billion rubles, while cost of sales rose 2.7% to 67.38 billion rubles.

Net profit increased from 5.06 billion to 9.13 billion rubles. Other income fell from 4.25 billion to 3.58 billion rubles, while other expenses rose from 3.9 billion rubles to 5.74 billion rubles.