29 Aug 2014 15:00

TGK-9 boosts IFRS net profit 450% in H1

PERM. Aug 29 (Interfax) - TGK-9 boosted net profit 450% in the first half of 2014 year-on-year to 904.752 million rubles, the genco reported.

Revenue increased 11.5% to 73.69 billion rubles.

Profit from operating activities were up 190% at 2.102 billion rubles, while pre-tax profit was 818.52 million rubles versus pre-tax loss of 332.679 million rubles a year before.

Noncurrent debt fell to 29.438 billion rubles from 30.852 billion rubles, while short-term debt advanced to 50.961 billion rubles from 46.951 billion rubles.