March 03, 2014 17:00
RusHydro expects to maintain, even improve financials in 2014
MOSCOW. March 3 (Interfax) - OJSC RusHydro (MOEX: HYDR), which operates the majority of Russia's hydroelectric power plants, predicts that its financial indicators for this year will be like last year's or even better, chairman of the RusHydro management board Yevgeny Dod told the press on Monday.
"The maintenance, or better, the improvement of the financial indicators and parameters across the holding and the optimization of the work of the Far East," he predicted. "We plan no mega-deals, a regime of economization," he said.
Among the holding's priorities for this year are completing the reconstruction of the Sayano-Shushenskaya hydroelectric power plant (GES), replenishing the Boguchany GES (MOEX: BGES) reservoir, reconstruction after the accident at Zagorsk 2 hydroelectric pumped-storage power station (GAES), and a program for technical re-equipping and reconstruction.
RusHydro increased its earnings before interest, taxes, depreciation, and amortization (EBITDA) to Russian Accounting Standards (RAS) by 26% to 61.8 billion rubles last year, and its adjusted net profits 40% to 40.9 billion rubles.
(Our editorial staff can be reached at email@example.com)
March 28, 2017
Russia, S.Ossetia to sign additional agreement on military cooperation on March 31 - S.Ossetian defense minister
Poroshenko, Cameron discuss situation in eastern Ukraine
Syrian opposition must have united delegation in Geneva - Moscow Group
Moldovan, Transdniestrian presidents to discuss setting up Moldova's, Ukraine's border checkpoints
Sana'a court's death sentence in absentia for President Hadi unilateral step not helping dialogue - Russian Foreign Ministry
Moldovan president initiates referendum on 4 issues (Part 2)
Court orders Sochi rabbi to leave Russia
Georgia to mitigate penalty for cultivation, use of marijuana
Syrian opposition's Cairo group calls on Moscow to increase pressure on al-Assad's regime to participate in Geneva negotiations (Part 2)
Yerevan highly appreciates U.S. role in Karabakh conflict settlement - Armenian foreign minister
Uzbek Senators make amendments to constitution reorganizing judicial system
Moldovan president initiates referendum on 4 issues
Moldova, EAEU to sign cooperation memorandum in Chisinau on April 3 - President Dodon (Part 2)