26 Jul 2013 11:52

TGK-11 RAS net profits surge 90% in H1

TOMSK. July 26 (Interfax) - Generating company OJSC TGK-11 made 377 million rubles in net profits to Russian Accounting Standards (RAS) in the first half of this year, a 93% increase on the same period of 2012, the company reported.

H1 sales revenues amounted to 13.002 billion rubles, up 15.9%.

H1 financial highlights, 1,000 rubles:

	H1 2013	H1 2012
Sales revenues	13 002 289	11 220 002
Cost of sales	11 821 157	10 794 516
Gross profits	1 181 132	425 486
Pretax profits	488 557	333 332
Net profits	377 016	194 780

Novosibirsk-registered TGK-11 produces electricity and heat in the Tomsk and Omsk region. It manages six combined heat and power plants and two boilers, with combined electrical capacity of 2,076 megawatts (MW) and total heat capacity of 8,347 gigacalories (Gcal) per hour. Its heating networks measure over 800 kilometers long.