JSC “OGK-6″ (MICEX:OGK6) (RTS:OGKF) reports its Interim Consolidated Financial
Statements for three months of 2010 prepared in accordance with International
Financial Reporting Standards (IFRS).
The company revenues in the first quarter of 2010 increased 11% compared to the
same period of 2009 to 12,348 mln roubles. Revenues from electricity and
capacity sales after three months of 2010 reached 11,363 mln roubles or 11% more
than the results of the same period of 2009. Revenues from heating sales also
rose 11% and amounted to 852 mln roubles. The rise in revenues was caused by the
growth of electricity volumes sold at the wholesale market.
The operating expenses rose 26% to 11.2 bln roubles, particularly because of
increase in fuel consumption resulted from the growth of electricity production
during the cold period as well as from the changes in the fuel mix.
Consequently, operating profit in the reported period amounted to 1,231 mln
roubles, and net profit totaled 903 mln roubles.
Three months ended Three months ended
March 31 2010 March 31 2009
Revenues 12,348.233 11,095.069
Electricity and capacity 11,363.253 10,214.039
Operating profit 1,231.063 2,219.447
Profit before income tax 1,145.069 2,291.712
Profit for the period (Net profit) 902.685 1,904.085
The translation into English of the Interim Consolidated Statement on Financial
Position, Interim Consolidated Statement of Comprehensive Income, and Interim
Consolidated Statement of Cash Flows for the reported period can be found
following this link: http://www.ogk6.ru/en/shareholders/finindexs/msfo/2005.php
The JSC “OGK-6″ is one of the largest Russian generating companies. It is
composed of five branches: Ryazanskaya GRES, Novochrekasskaya GRES, Kirishskaya
GRES, Krasnoyarskaya GRES-2, Cherepovetskaya GRES.
The JSC “OGK-6″ shares are traded at Russian MICEX and RTS. In July, 2008 the
GDR program under Reg S and Rule 144A of JSC “OGK-6″ shares was opened by
Deutsche Bank Trust Company Americas. The ISIN for Reg. S GDRs is US 6708472013;
ISIN for the Rule 144A GDRs is US 6708471023.
Ivan Troynikov, Maxim Kochetkov, +7 (495) 428-53-45
Corporate Governance Unit
Copyright Business Wire 2010