(Updates with closing share prices in second paragraph.)
Nov. 2 (Bloomberg) -- OAO Gazprom and its power-generating units OAO Mosenergo and OAO TGK-1 climbed after the world’s biggest natural-gas producer forecast revenue at the utilities will grow.
Mosenergo, the Russian capital’s biggest power supplier, jumped 2.5 percent to 1.92 rubles, while St. Petersburg-based TGK-1 advanced 0.9 percent. Gazprom’s shares surged 4.3 percent to 182.62 rubles by the close in Moscow.
Mosenergo will probably increase sales 11 percent to 162 billion rubles ($5.29 billion) this year, while TGK-1 may boost revenue about 26 percent to 68 billion rubles, according to an investor presentation by the Moscow-based gas producer’s Gazprom Energoholding unit, a copy of which was obtained by Bloomberg.
--Editor: Alex Nicholson
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