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  Rosseti North-West REGISTER LOG IN

Press Releases > Rosseti North-West  all about the company

company search
all press releases
all Rosseti North-West press releases

Rosseti North-West

January 14, 2014

Proceeds of IDGC of the North-West following 2013 outcome having increased up to 41 bln RUB

On 28.12.2013 the Board of Directors of IDGC of the North-West, JSC approved of the Company's corrected business plan for 2013. The correction is due to tariff and balance decisions for 2013 having been taken and to discharge of the functions of the guaranteeing supplier of electric energy in the Novgorod and Murmansk Regions.
The actual proceeds of IDGC of the North-West, JSC increased up to 41.4 bln RUB which exceeds the 2013 initial planned performance and the 2012 actual performance by 8.6 bln RUB and 10.3 bln RUB respectively.
Within the total volume of the corrected business plan, proceeds from provision of electric energy transmission services and those from electric energy marketing account for 32.0 bln RUB and 7.9 bln RUB respectively.
Net profit following 2013 outcome is planned to amount to 97 mln RUR which exceeds the performance as per the previously adopted business plan by 1%.
EBITDA growth by 7%, up to 5.4 bln RUB is conditioned by the increase of the percentage of interest payable, depreciation and tax accrued within the index structure. The ratio of debt to EBITDA will make 2.44.
As of 31.12.2013, the maximum allowable and the target limits of the Company’s indebtedness were complied with. In accordance with the Regulations on the Credit Policy, the Company’s credibility group is Group “Ŕ”. In 2013 IDGC of the North-West complies with the limits of borrowing cost parameters with credit resources raised .

 

 

 

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