IDGC of Urals: 2014 RAS results
Revenues of the Company as of 2014 totaled RUR 59,607.8 mln (+3.8% on 2013). 2014 expenses totaled RUR 54,498.3 mln. (+0.8%). Profit from sales as of 2014 totaled RUR 4,255.1 mln. Net profit as of 2014 totaled RUR 2,006.8 mln. (+329.0%).
Table 1. Financial results of the Company as of 2013 and 2014, RUR thous.
|
|
2014 |
2013 |
|
Revenues |
59,607,802 |
57,443,525 |
|
transmission |
57,480,677 |
55,257,665 |
|
connection |
1,719,819 |
1,883,512 |
|
other |
407,306 |
302,348 |
|
Expenses |
(54,498,284) |
(54,047,304) |
|
Operating profit |
4,255,141 |
2,510,026 |
|
Operating margin |
7.1% |
4.4% |
|
Pre-tax profit |
2,350,758 |
1,149,122 |
|
Net profit |
2,006,783 |
467,808 |
|
Net margin |
3.4% |
0.8% |
For 2014 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site at "Financial Statements" section.
IDGC of Urals, OAO (est. in February 2005) is a grid company responsible for energy transmission and technological connection of consumers to electric networks in Sverdlovsk, Chelyabinsk and Perm regions. As of 2014 the revenues totaled RUR 59.6 bln, net profit - RUR 2.0 bln (RAS). Common shares are traded on MICEX (1 Level quotation list). Moody's rating - Ва2 (Outlook Stable)/Аа2.
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