print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all MOSENERGO (TGC-3) press releases

MOSENERGO (TGC-3)

March 12, 2003

In 2002, AO MOSENERGO's earnings reached 4.6 billion rubles

In 2002, AO MOSENERGO's net profit amounted to 646 million rubles, exceeding the company's forecasts 1.5 times. However, this figure turned out to be three times less than the year before. The decrease in profits was caused by delays in tariff increases, which had to be implemented by the Moscow Regional Energy Commission last year. In addition, the re-evaluation of fixed assets led to growing amortization charges, which contributed to higher operating costs.

In 2002, AO MOSENERGO's revenues on sales reached 54 billion rubles (102% of supplied power). In 2001, AO MOSENERGO's revenues equaled 46.2 billion rubles (106% of supplied power).

Last year, AO MOSENERGO's gross profitability reached 9.5% (in 2001 – 25%). The profitability of electricity production was 16.2%, heat profitability – -2.5%. The low heat profitability was caused by selling heat at prices lower than production costs.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer