28 Jul 2010 13:12

Enel OGK-5 more than doubles IFRS net profits in H1

MOSCOW. July 28 (Interfax) - Generating company Enel OGK-5 , controlled by Enel of Italy, increased its net profits 120% year-on-year to 3.73 billion rubles to International Financial Reporting Standards (IFRS) in the first half, the genco reported.

Enel OGK-5 turned net IFRS profits of 1.726 billion rubles in H1 2009.

Company sales revenues were up 34% at 25.76 billion rubles, and EBITDA increased 42% to 5.3 billion rubles.