2 Apr 2012 14:27

Generating co TGK-12 posts 1.3 bln ruble loss to RAS in 2011

KEMEROVO. April 2 (Interfax) - Energy generating company Kuzbassenergo (TGK-12) posted a net loss to Russian Accounting Standards (RAS) of 1.3 billion rubles, compared to net profit of 2.17 billion rubles in 2010, the company reported.

Revenue slid 0.6% to 30.43 billion rubles.

Kuzbassenergo core financial indicators (thsd. rubles):

	2011	2010
Revenue	30 429 310	30 616 677
Cost of sales	30 142 100	27 105 842
Gross profit	287 210	3 510 835
Sales profit	267 663	3 493 011
Pretax profit (loss)	(1 537 963)	2 890 323
Net profit (loss)	(1 330 971)	2 165 826

Receivables climbed from 4 billion rubles to 4.9 billion rubles and short-term liabilities increased from 5.47 billion rubles to 9.08 billion.

The Kuzbassenergo generating company has six power plants in the Kemerovo region and three in the Altai territory with overall capacity of 4,500.2 megawatts electricity and 8,904.5 Gcal/h heat.