Russian HydroOGK posts 470% profit growth in 2007
HydroOGK, Russia’s largest hydroelectric power company, said on Tuesday its net profit calculated to Russian Accounting Standards grew 470%, year-on-year, in 2007 to 8.62 billion rubles ($365 million).
HydroOGK, which unites about 50 hydropower plants across Russia with installed capacity of 25,000MW, said its revenues in the reporting period climbed 660% to 41.80 billion rubles ($1.8 billion), production costs grew 459% to 33.29 billion rubles ($1.4 billion), and pre-tax profit rose by 629% to 10.88 billion rubles ($461 million). (rian.ru)
ADVERTISEMENT
KSH Dismisses Reports of Eurostat 'Investigation'
Hungarian-American Business Chamber Established in Chicago
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
