MOEK slashes RAS net loss 44.5% to 3.5 bln rubles in 2012

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MOEK slashes RAS net loss 44.5% to 3.5 bln rubles in 2012

MOSCOW. March 28 (Interfax) - OJSC Moscow United Energy Company (MOEK) slashed its net loss to Russian Accounting Standards (RAS) by 44.5% to 3.467 billion rubles in 2012, according to the company's financial report.

Revenue grew 6.8% to 85.788 billion rubles.

MOEK halved its loss before tax to 2.389 billion rubles.

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