30 Aug 2011 11:38

OGK-1 IFRS net profits triple in H1 to 2.9 bln rubles

MOSCOW. Aug 30 (Interfax) - Russian generating company OJSC OGK-1 , over which electrical power import-export monopoly OJSC Inter RAO UES took control this year, ended the first half of this year with net profits to International Financial Reporting Standards (IFRS) having tripled year-on-year from 980 million rubles to 2.93 billion rubles, the company reported.

Company sales revenues were up 28% at 28.34 billion rubles (from 22.2 billion rubles in H1 2010).