Irkutskenergo's RAS net profit rises by third in Q1
IRKUTSK. April 30 (Interfax) - OJSC Irkutskenergo in Q1 2015 increased its net profit to Russian Accounting Standards (RAS) by 34.3% year-on-year to 5.069 billion rubles, the power company said in a report.
Revenue rose by 60.6% to 24.571 billion rubles.
Irkutskenergo financial highlights ('000 rubles):
| Q1 2015 | Q1 2014 | |
| Sales revenue | 24 571 247 | 15 304 127 |
| Cost of sales | 16 582 044 | 9 798 861 |
| Gross profit | 7 989 203 | 5 505 266 |
| Profit before tax | 6 384 916 | 5 023 818 |
| Net profit | 5 068 531 | 3 773 345 |
Long-term liabilities fell from 30.411 billion rubles to 30.07 billion rubles during Q1 2015 and short-term from 20.548 billion rubles to 18.208 billion rubles.
Irkutskenergo, Russia's largest power and coal company, includes thermal and hydro-electric power plants, heat networks, open pit coal mines, transport businesses, repair plants and an enrichment plant.
Irkutskenergo is controlled by EuroSibEnergo (50.19%), which is part of Oleg Deripaska's En+ Group. Another 40.007%% of its shares are owned by Inter RAO UES .