Fortum boosts RAS net profit 50% to 5.556 bln rubles in 9M

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Fortum boosts RAS net profit 50% to 5.556 bln rubles in 9M

CHELYABINSK. Oct 30 (Interfax) - OJSC Fortum boosted net profit 50% in January-September 2015 to 5.556 billion rubles, the genco said in RAS financials.

Revenue increased 8.9% to 38.65 billion rubles in the nine months.

OJSC Fortum's financial highlights ('000 rubles):

	9M 2015	9M 2014
Revenue	38 650 031	35 484 371
Cost of sales	29 618 354	29 713 292
Gross profit	9 031 677	5 771 079
Operating profit	9 031 677	5 771 079
Pretax profit	6 854 052	4637 122
Net profit	5 555 649	3 673 120

Fortum's accounts receivable rose from 12.941 billion rubles at the start of 2015 to 13.581 billion rubles as at September 30, 2015 and payables rose from 6.108 billion rubles to 6.42 billion rubles.