Inter RAO posts 1.25 bln rubles in 2009 net losses
MOSCOW. March 23 (Interfax) - Net losses at OJSC Inter RAO totaled 1.248 billion rubles in 2009, company materials say.
Comparing this with the previous year would not be instructive, as the company was undergoing reorganization and asset-consolidation in 2008.
Inter RAO losses came to 1.262 billion rubles for Q4 2009.
The main factors involved in the losses for last year were lower sales revenues from exported electricity, higher costs on forex operations, and the creation of provisions against problem debt and for securing financial inputs.