31 Aug 2012 11:38

OGK-3 sees 1.6 bln rubles IFRS net losses for H1

MOSCOW. Aug 31 (Interfax) - Generating company OJSC OGK-3 incurred 1.6 billion rubles in net losses to International Financial Reporting Standards (IFRS) in the first half of this year, having made profits of 1.55 billion rubles a year earlier, a company statement says.

EBITDA (earnings before interest, taxes, depreciation, and amortization) contracted 33.3% to 1.8 billion rubles.