30 Jul 2010 10:31

Inter RAO

MOSCOW. July 30 (Interfax) - OJSC Inter RAO UES posted 282 million euro in IFRS net losses for 2009, the company said.

The group's negative results were largely the result of "on paper" losses from the devaluation of main funds and inability to complete 384 million euro in construction projects, as well as increasing interest expenditures and the volatile rate of the ruble against the euro and the U.S. dollar, which was largely characterized by high rate losses, the company said.