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Gold/Mining/Energy : Mosenergo ADR
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From: Copperfield3/28/2005 7:43:00 PM
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Mosenergo Profit Up 18% ......................................................

Mosenergo, which supplies most of Moscow's power, said profit rose 18 percent last year because it sold more electricity to users as the economy expanded for the sixth straight year.

Net income rose to 2.05 billion rubles ($73.7 million) from 1.73 billion rubles in 2003, the company said Monday on its web site. Sales rose 28 percent to 89.3 billion rubles. The company sold 4.1 percent more electricity than in 2003. (Bloomberg)
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