13 May 2015 18:21

TNS Energo boost net profit 13.6% to 4.5 bln rubles in 2014

MOSCOW. May 13 (Interfax) - TNS Energo boosted IFRS net profit 13.6% to 4.5 billion rubles in 2014, the company reported.

Revenue from sales rose 46.3% to 172 billion rubles and EBITDA was up 43.4% to 6.3 billion rubles.

Short-term credits and loans amounted to 18 billion rubles as of the end of the year, up from 12 billion rubles a year earlier. Long-term credits and loans totaled 1.3 billion rubles, down from 4.7 billion rubles.

TNS Energo is a privately held power sales company that supplies electricity to companies throughout Russia. Dmitry Arzhanov is the ultimate controlling party.