24 Jan 2012 14:27

Lenenergo forecasts net profit to rise 35% in 2012

ST. PETERSBURG. Jan 24 (Interfax) - Lenenergo could boost net profit to Russian Accounting Standards (RAS) 35% in 2012.

The power utility, which serves St Petersburg and its environs, said in a press release that it forecast net profit of 1.35 billion rubles in 2012.

Net profit RAS fell tentatively 73.7% to 1 billion rubles in 2011. The business plan originally envisaged profit of 4.4 billion rubles, but was later adjusted to 555 million rubles.