E.ON Russia JSC publishes accounting statements prepared in accordance with the Russian Accounting Standards (RAS) over 9 months of 2011.
Revenues of the company over 9 months of 2011 amounted to 48.2 billion rubles, increased by 26.3% compared to the same period of the past year. Profit before taxation increased by 47.6% - up to 13.3 billion rubles. Net profits of E.ON Russia amounted in January-September to 10.9 billion rubles which is higher than a year before by 44.7%.
Increase in revenues and profitability is conditioned by increase in power generation due to commissioning of new power units at Shaturskaya GRES, Surgutskaya GRES-2 and Yaivinskaya GRES, increase in prices in the wholesale power market as well as efficient management of company's costs.