E.ON Russia JSC publishes audited accounting statement prepared as per Russian Accounting Standard (RAS) for the first half-year 2011.
The Company revenue in H1 2011 made 31,9 billion rubles, growing by 28,7% as compared to the similar period of the previous year. EBT grew by 65,9% reaching 9,3 billion rubles. E.ON Russia’s net profit in H1 made 7,4 billion rubles which is 63,7% more than last year.
Increase in revenue and earning power is reasoned by growing power output due to the commencement of operation of CCGT-400 at Shaturskaya GRES in Q4 2010, advance in price at power wholesale market as well as efficient management of the Company’s fix costs.