MOSCOW, August 13 (RIA Novosti) - Russian power generating company TGK-4 said on Wednesday its net profit calculated to Russian Accounting Standards declined 22.5% year-on-year in January-June to 414.8 million rubles ($17 million).
TGK-4, which has an installed electric power capacity of 3.3 GW and heat capacity of 17,632 Gcal/h, said its revenues in the reporting period grew 16.9% to 14.68 billion rubles ($608 million) and production cost increased 18% to 12.87 billion rubles ($532 million).
TGK-4, which operates 25 electric power plants and 664 heating plants across Russia, said its gross profit in the reporting period increased 9.7% to 1.82 billion rubles ($75 million) and operating profit climbed 11.5% to 1.03 billion rubles ($43 million).
