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Gold/Mining/Energy : Mosenergo ADR

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To: Copperfield who started this subject	5/17/2004 9:42:51 AM
From: Copperfield	of 241

Mosenergo reports results for Q1 RosBusinessConsulting. Monday, May. 17, 2004, 5:19 PM Moscow Time Mosenergo has announced its financial and operational results for the first quarter of this year. Its net income grew at a 16.8-percent yearly rate to RUR2.657bn (about $91m). Core revenues increased 28.4 percent to RUR26.927bn (about $928m). Its short-term payables grew 8.61 percent over the past 4 months to RUR13.446bn (about $464m) as of April 1, 2004. Its short-term receivables increased at a 15.81-percent yearly pace to RUR8.525bn (about $293m).

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