20 Dec 2013 13:25

RusHydro to double 2013 RAS net profit to 30 bln rubles

MOSCOW. Dec 20 (Interfax) - RusHydro , which operates the majority of Russia's hydroelectric power plants, will end this year with net profits to Russian Accounting Standards (RAS) of 30 billion rubles, the company's deputy chief Mikhail Mantrov said on Friday.

This will be double the 14.7 billion rubles posted for 2012.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) will grow to 54 billion rubles this year, from 49 billion rubles in 2012, and sales revenue to 103.7 billion rubles from 94.21 billion rubles. Net debt is expected to be 127.1 billion rubles.