E.ON Russia’s RAS net profit in Half-year I grows by 7%

E.ON Russia JSC released Half-year I 2013 financial statements prepared as per the Russian Accounting Standards.

 

E.ON Russia's net profit estimated as per RAS in Half-year I , 2013, made 9.8 billion rubles which is by 6.9% higher than in Half-year I, l2012.

 

The Company’s revenue made 39.2 billion rubles, growing by 9.1% as compared to the first six months in 2012. Product cost in the reporting period grew by 7,7% as compared to similar indicator in 2012 and equals to 27,6 bln rubles.

 

Improvement of E.ON Russia's financial performance in the first half-year 2013 as compared to year 2012 is due to electricity price growth in the wholesale market and indexation of capacity price under capacity supply agreements.