28 Aug 2012 17:45

IDGC Center IFRS net profits slip 10% to 3.5 bln rubles in H1

MOSCOW. Aug 28 (Interfax) - Net profits at grid company OJSC IDGC Center decreased 10% to 3.456 billion rubles as calculated to International Financial Reporting Standards (IFRS) in the first half, from 3.837 billion rubles for the same six months last year, the company reported.

Company pretax profits slipped 9% to 4.522 billion rubles. sales revenues were down 3% at 34.153 billion rubles.

IDGC Center includes 11 branches: Belgorodenergo, Bryanskenergo, Voronezhenergo, Kurskenergo, Kostromaenergo, Lipetskenergo, Tverenergo, Smolenskenergo, Orelenergo, Tambovenergo, and Yarenergo.