Bloomberg News

Federal Grid Boosts Adjusted Earnings 42% on Higher Power Supply

October 19, 2011

Oct. 19 (Bloomberg) -- Federal Grid Co., Russia’s monopoly for high-voltage power transmission, boosted first-half adjusted earnings before interest, taxes, depreciation and amortization by 42 percent to 45.5 billion rubles as it supplied more power and prices rose.

Adjusted net income was 22.8 billion rubles, Federal Grid said, without giving a comparison. Revenue rose 26 percent to 71.2 billion rubles, the company said.

--Editors: Torrey Clark, Brad Cook

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus