26 Oct 2017 10:10

Inter RAO earnings plummet 85.7% to 5.4 bln rubles in 9M

MOSCOW. Oct 26 (Interfax) - Inter RAO UES saw its net profit to Russian accounting standards fall 85.7% year-on-year in January-September to 5.4 billion rubles, the electricity holding said.

Sales revenue was 31.5 billion rubles, down from 33.1 billion rubles a year ago. This included 21.2 billion rubles from exports, down 10.5%. Sales of power equipment fell to just 223.3 million rubles in 9M 2017, from 2.4 billion rubles a year ago.

Cost of sales grew 3% to 25.4 billion rubles.

Short-term borrowing was 18 billion rubles at the end of the reporting period, compared to zero at the start of the year. The company had no long-term borrowings.