OREANDA-NEWS. November 15, 2007. Russian Accounting Standards net profit totalled 176.641 million roubles for OJSC Territorial Generating Company No 5 (TGC-5) in the first nine months of 2007. The figure in January-September 2006 was 54.965 million roubles, thus representing a growth of 221.4%.

Below are figures on the company's performance for the first nine months of 2007 (thousand roubles):
  
                                                        nine months of 2007      nine months of 2006
Revenues                                          8,717,136                     8,146,609
 
Cost of production of the sold goods    8,487,798                     8,167,362
  
Sales profit                                        229,338                      - 20,753

Profit before tax                                 339,184                      116,328
 
Taxes                                               162,543                       61,363

Net profit                                          176,641                       54,965

Growth in net profit is explained with a considerable economic effect of the company's work in the overnight market and additional revenues from placing a part of the funds earned on placing the company's additional share issue.