MOSCOW, March 5 (RIA Novosti) - Mosenergo [RTS: MSNG] posted a net profit of 1.524 billion rubles (about $58.2 million) in 2006, the Moscow-based electric and thermal power utility said Monday.
Mosenergo is Russia's largest territorial generating company, supplying 80% of Moscow's heating requirements and 85% of power demand in the capital and the Moscow Region. The company has 17 power plants in the region, with electric power capacity of 10,700 MWt and heat capacity of 34,200 Gkal/hour.
In 2005, Mosenergo posted a net loss of 260 million rubles (about $9.9 million at the current exchange rate), the company said.
The Moscow utility said it would be incorrect to compare the 2006 net profit with the company's financial indices for 2005, when it divested some of its assets.
