OREANDA-NEWS. Consolidated net profit of TGC-8 of IAS 1H 2007 has made 12 mn USD vs. losses of a similar period in 2006. For the first six months 2007, company's sales  reached 321 mln USD, showing 14% growth versus 1H 2006. Company's losses of the given period rose up 1.2% and came to 302 mln USD. Operating profit formed 20 mln USD. In general, Veles Capital's analysts regard this report as weakly-positive for TGC-8. Company was able to optimize its expenses and keep them at a level equal to the first half of the previous year. It is hard to determine whether this decrease of costs occurred due to TGC-8's activities in the liberal market of energy, as company does not disclose its results on that market. Though, EBITDA margin of the company amounted to 12%, which is in concordance with the industry's current state of affairs.