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MOSENERGO (TGC-3)

May 10, 2001

AO MOSENERGO’s net profit rose in the 1st quarter 2.6 times

AO MOSENERGO’s net profit (calculated on after-shipment basis) reached 2,849,833,000 rubles, rising in the first quarter 2.6 times as compared to the first quarter of 2000.

Key 1st quarter financial indicators of AO MOSENERGO (in thousands of rubles) :

 

1st quarter 2001

1st quarter 2000

Sales revenues

12,978,016

7,994,280

including:

   

electric energy

7,331,895

4,606,225

heat energy

5,309,814

3,051,229

cost of sold goods

8,231,472

5,530,799

including:

   

electric energy

4,215,532

2,867,160

heat energy

3,778,459

2,395,577

sales income

4,296,,017

2,054,827

income before tax

3,858,798

1,353,363

taxes

1,012,528

265,619

Net profit

2,849,833

1,087,744

AO MOSENERGO’s payables shrank from 11,385,480,000 rubles as of January 1, 2001, to 9,637,964,000 rubles as of April 1, 2001. Short-term receivables went up from 16,746,798,000 rubles to 17,025,892,000 rubles. Long-term receivables dipped from 5,646,000 rubles to 4,137,000 rubles.

 

 

 

The charter capital of AO MOSENERGO equals 28,267,726,000 rubles and consists of common stocks with face value 1 ruble each. Presently, RAO UES, a majority shareholder, holds 50.87 percent of shares.

As of May 10, 2001, 13:00, AO MOSENERGO’s shares were quoted at RTS at $0.0346/0.0348.

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