Inter RAO could swing to profit in 2010, revenue up 25%
MOSCOW. Nov 18 (Interfax) - Electricity company Inter RAO is expecting net profit of 1.3 billion rubles in 2010, compared with losses of 1.25 billion rubles in the same period of last year.
Sales revenue might rise 25.3% to 58.7 billion rubles, the company's chief, Boris Kovalchuk, said in a presentation for the State Duma.
Exports could rise 20% to 26.7 billion rubles.
Inter RAO has said net profit to Russian Accounting Standards (RAS) was 1.1 billion rubles in January-September, compared with 100 million rubles in the same period of last year. Sales revenue grew 25.4% to 42.1 billion rubles.
The state-owned Inter RAO is Russia's electricity export-import monopoly and also owns generating assets in Russia and abroad.