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Power generating co. OGK-1 reports 67% net profit drop in 2007

Sputnik International

Russian wholesale power generating company OGK-1 said on Monday its net profit calculated to International Financial Reporting Standards declined 67%... 05.05.2008, Sputnik International

2008-05-05T10:15+0000

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Power generating co. OGK-1 reports 67% net profit drop in 2007

10:15 GMT 05.05.2008

Russian wholesale power generating company OGK-1 said on Monday its net profit calculated to International Financial Reporting Standards declined 67% year-on-year in 2007 to 1.966 billion rubles ($83 million).

MOSCOW, May 5 (RIA Novosti) - Russian wholesale power generating company OGK-1 said on Monday its net profit calculated to International Financial Reporting Standards declined 67% year-on-year in 2007 to 1.966 billion rubles ($83 million).

OGK-1, Russia's largest heat generator with installed capacity of 9,531 MWt, gave no explanation for net profit plunge.