7 Aug 2009 11:32

TGK-2 losses widen 160% in 2008 under IFRS

MOSCOW. Aug 7 (Interfax) - TGK-2 saw its losses widen 160% to 4.74 billion rubles in 2008 under International Financial Reporting Standards (IFRS), the territorial generating company said in its financial statement.

Revenue rose 11.4% last year to 23.16 billion rubles and operating expenses were up 28.5% to 21.4 billion rubles.

RTS$#&: TGKB