27 Apr 2012 16:14

IDGC Holding sees net profit to IFRS up 14% in 2011

MOSCOW. April 27 (Interfax) - Russia's Inter-District Grid Company Holding (IDGC Holding) posted 39 billion rubles in net profit to International Financial Reporting Standards (IFRS) for 2011, up by 14% over 2010, the company said in a statement.

Earnings before taxes, depreciation and amortization (EBITDA) grew 13.7% to 116.5 billion rubles.

Net profit excluding minority shareholders' stakes was up 5.7% to 23.4 billion rubles. This is below the forecasts of analysts polled by Interfax (27.3 billion rubles).