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Rosukrenergo IFRS net profit hits $780 mln in 2005

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MOSCOW, July 7 (RIA Novosti) -- Rosukrenergo, a trader handling Russian and Central Asian natural gas, said Friday its net profit calculated to International Financial Reporting Standards was 21.368 billion rubles ($780 mln) in 2005.

Formed in July 2004 and registered in Switzerland, Rosukrenergo is the exclusive natural gas supplier to Ukraine.

Rosukrenergo is 50% owned by a subsidiary of Russian energy giant Gazprom and the other 50% is held by Austria's Raiffeisen Investment.

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