Federal Grid Co ups adjusted 2015 RAS EBITDA 4.1% to 103.7 bln rubles

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Federal Grid Co ups adjusted 2015 RAS EBITDA 4.1% to 103.7 bln rubles

MOSCOW. Feb 25 (Interfax) - Federal Grid Company (FGC) increased adjusted earnings before taxes, depreciation and amortization (EBITDA) to Russian Accounting Standards (RAS) 4.1% in 2015 to 103.67 billion rubles, the company said in a report.

Adjusted net profit rose 1.5-fold to 20.35 billion rubles.

EBITDA does not include excluding accrual and recovery of provisions for doubtful debts, revaluation of assets and fees from technological connection. Net profit was generated by cash flows (adjusted for balance accrual/recovery of provision of doubtful debts, revaluation of fixed assets and financial investments).