The Board of Directors of E.ON Russia JSC approved the Company's financial statements prepared in accordance with the International Financial Reporting Standards (IFRS) following the 2011 financial year results.
Core activity revenues of E.ON Russia JSC amounted to 66.1 bln roubles, having increased by 31.3% as compared with 2010. Operating expenses increased by 26.4% - up to 48.6 bln roubles.
EBITDA amounted to 22.9 bln roubles, which is 57.2% more than in 2010.
Net profit of E.ON Russia JSC increased by 42.4% in 2011 and amounted to 14.6 bln roubles.
The Board of Directors introduced the amendments into the composition of the Management Board electing Ulf Backmeyer, Deputy Director General for Finance and Economics, as a member of the Management Board. Ulf Backmeyer was also introduced into the composition of the Board of Directors’ committees: Strategy and Development Committee, Risk and Economics Committee, New Build Steering Committee.