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 firstname.lastname@example.org)
May 22, 2015
Ukraine's partial withdrawal from rights pacts 'senseless and merciless' - Russian ombudsman
Medvedev: If Ukraine refuses to repay debts, Russia to assume tough position
Kyiv proposes moves to demilitarize Shyrokyne - source
MEDVEDEV: IF UKRAINE REFUSES TO REPAY DEBTS, RUSSIA WILL ASSUME TOUGHEST POSSIBLE POSITION IN DEFENDING ITS INTERESTS
Fortifications in east 'practically 90%' ready - Ukraine minister
Three meetings of Trilateral Contact Group, subgroups planned for June - self-proclaimed Luhansk republic envoy (Part 2)
Consensus not reached on some political issues in Minsk - self-proclaimed Donetsk republic envoy
Russian Foreign Ministry: Eastern Partnership summit misses chance to narrow Europe split
Russian prisoners issue not raised at Ukraine Contact Group meetings - negotiator
Three meetings of Trilateral Contact Group, subgroups planned for June - self-proclaimed Luhansk republic envoy
Contact Group on Ukraine to meet next time on June 2 - self-proclaimed Donetsk republic envoy
EU hoping for constructive Russian approach towards illegal immigration in Mediterranean - Usackas
THREE MEETINGS OF SUBGROUPS, CONTACT GROUP ON UKRAINE PLANNED IN JUNE - SELF-PROCLAIMED LUHANSK REPUBLIC ENVOY DEINEHO