3 May 2012 09:18

TGK-5 reports net profit down 21% to 772.5 bln rubles in Q1

MOSCOW. May 3 (Interfax) - OJSC TGK-5 saw its net profit to Russian Accounting Standards drop 21% year-on-year to 772.535 million rubles in the first quarter of 2012, the power company reported.

The company's pretax profit fell 21.2% to 964.816 million rubles. Revenues decreased by 5.4% to 7.594 billion rubles in the quarter, while costs dropped 1.7% to 6.669 billion rubles.