25 Mar 2015 14:23

Federal Grid Co boosts adjusted RAS EBITDA 3.4% in 2014 to 99.6 bln rubles

MOSCOW. March 25 (Interfax) - Federal Grid Company of Unified Energy System (FGC UES) boosted adjusted earnings before taxes, depreciation, and amortization (EBITDA) under Russian Accounting Standards (RAS) 3.4% year-on-year in 2014 to 99.6 billion rubles, the company said.

This excludes the accrual and restoration of reserves on bad debt, asset revaluation and revenue from connecting consumers, a press release says.

FGC UES is controlled by the government and manages Russia's main electricity network.