TGK-9 reports 921.5 mln rubles in H1 net losses
PERM. Aug 1 (Interfax) - Generating company OJSC TGK-9 made 921.547 million rubles in net losses to Russian Accounting Standards (RAS) in the first half of this year, versus 762.623 million rubles in net profits for the same six months of last year, the company reported.
TGK-9 sales revenues contracted 6.3% year-on-year to 23.791 billion rubles. Income from the sale of electric power amounted to 9.099 billion rubles (up 6.4%), from thermal energy sales - 11.564 billion rubles (down 14%), and from capacity sales - 2.256 billion rubles (down 2.8%).
TGK-9 financial highlights for Jan-July (1,000 rubles):
| Jan-July 2012 | Jan-July 2011 | |
| Sales revenues | 23 790 653 | 25 385 487 |
| Cost of sales | 23 195 025 | 23 603 086 |
| Gross profits | 595 628 | 1 782 401 |
| Sales profits | 595 628 | 1 782 401 |
| Pretax profit (loss) | (1 170 163) | 752 226 |
| Net profit (loss) | (921 547) | 762 623 |
TGK-9 unites generating assets in Sverdlovsk Region, Perm Territory, and the Republic of Komi. Overall install electricity generating capacity is 3,279 gWt and that of thermal energy 16,866 gCal/hour.
