Mosenergo ADR Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mosenergo ADR

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Copperfield who started this subject	4/30/2004 9:49:45 AM
From: Copperfield	of 241

Net income of Mosenergo up in 2003 RosBusinessConsulting. Friday, Apr. 30, 2004, 4:31 PM Moscow Time The net income of Mosenergo under RAS increased by almost 2.7 times to 1.73bn rubles (about $59.89m) in 2003, the company reported. Revenues increased by 31.42 percent and reached about 69.605bn rubles (about $2.4bn) whereas the prime cost of finished products advanced by 30.1 percent to 62.895bn rubles (about $2.2bn). The sales income of Mosenergo increased by 44.56 percent and amounted to 6.643bn rubles (about $229.99m). At the same time, other operating expenses decreased by 29.63 percent to 3.987bn rubles (about $138.03m), extraordinary expenses decreased by 11.3 percent to 1.872bn (about $64.81m). As a result, Mosenergo's income before taxes increased by more than 3.6 times to 3.197bn rubles (about $110.69m). According to the proposal made by the Board of Directors of the company to the annual general shareholder meeting, it is planned to spend 35.4 percent of the net income, or 613.127m rubles (about $21.22m), on paying dividends.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next