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)
November 26, 2014
Four hurt by blast on Ukraine army base - city council
Transneft to take "practical action" to get Ukraine pipelines back - Russian envoy to EU
Turkey dismisses as groundless accusations of buying oil from ISIS
Turkey asks Gazprom to increase gas deliveries via Ukraine
Total's new chief to visit Moscow this week - company
Damascus to not change relations with states bombing terrorist positions in Syrian territory
Moldova's CEC removes party led by businessman Usatii from parliamentary election (Part 3)
Russia wants economic cooperation with Syria - Lavrov
Tashkent, Moscow resolve flight issues - ministry
Rusagro listed in Moscow, trading to begin on December 1
Ruble falls for second day on lower oil, end of tax period
Main indexes of the Russia stock market for November 26
Russia again addresses UN Security Council to resist illegal oil trade by ISIS militants - Lavrov (Part 2)