OREANDA-NEWS. December 20, 2010. OGK-6 OJSC made available its consolidated IFRS financial statements for 9 months of 2010. 

The Company’s revenues over 9 months of 2010 increased by 20% y-o-y up to RUB 36,143 million. As of the end of 9 months of 2010, revenues from electricity and capacity sales were RUB 34,132 million, a 20% growth y-o-y. Revenues from thermal power sales went up by 7% up to RUB 1,635 million. Increase in revenues was due to a greater share of electricity sold on the wholesale market. 

The operating expenses increased by 30% up to RUB 34,880 million, which mainly resulted from fuel spending spree in connection with greater generation and, as a consequence, greater fuel consumption, as well as higher fuel prices. 

As a result, the profit from operating activities in the reporting period was RUB 1,409 million, and the net profit reached RUB 856 million. 

 

For 9 months ended on September 30, 2010 

For 9 months ended on September 30, 2009 

RUB million 

 

 

Revenues 

36 143 

30 186 

Electricity and capacity 

34 132 

28 340 

Thermal power 

1 634 

 1 533 

Other

376 

313 

OPEX 

34 880 

26 770 

Profit from Operating Activities 

1 409 

3 415 

EBIT 

1 120 

3 580 

Profit for the Period (net profit) 

856 

3 103