6 Apr 2016 13:45

MOESK boosts IFRS net profit 60% to 12.63 bln rubles in 2015

MOSCOW. April 6 (Interfax) - Moscow United Electric Grid Company (MOESK) posted a net profit of 12.63 billion rubles in 2015, nearly 60% greater than the net profit in 2014, the company reported.

Revenue rose to 132.4 billion rubles from 128 billion rubles. Operating expenses declined 7% to 111.5 billion rubles.

Finance income increased to 975 million rubles from 566 million rubles in 2014. Finance costs totaled 5.23 billion rubles, up from 3.56 billion rubles.