Kazakhstan's Ekibastuz GRES-1 power plant sees net profit plummet 26% in 9M
ALMATY. Nov 6 (Interfax) - Kazakhstan's LLP Ekibastuz GRES-1 saw its net profit to International Financial Reporting Standards (IFRS) plummet 26.2% year-on-year in January-September to 23.196 billion tenge, the company said in a financial report.
Gross profit fell 15% to 34.262 billion tenge and revenue declined 1.6% to 61.051 billion tenge (154.09 tenge/$1 on Nov. 6).
The assets of Ekibastuz GRES-1 expanded 14.8% to 198.971 billion tenge during the 9M, liabilities rose 8.7% to 29.825 billion tenge, equity capital grew 15.9% to 169.146 billion tenge and charter capital was unchanged at 31.11 billion tenge.
Ekibastuz GRES-1 LLP is part of mining corporation Kazakhmys plc. The power plant is controlled by Kazakhmys and the National Welfare Fund Samruk-Kazyna on a parity basis.
The installed capacity of Ekibastuz GRES-1 is 4,000 MW.