OREANDA-NEWS. November 19, 2007. OJSC Territorial Generating Company No 5's  (TGC-5) net profit (in accordance with the Russian Accounting Standard) totaled 176.641 million roubles in the first nine months of 2007, the press service of IES-Holding reports. The figure in January-September 2006 was 54.965 million roubles, thus representing a growth of 221.4%.

Below are put figures on the company's performance for the first nine months of 2007 (thousand roubles):
 
1. nine months of 2007
2. nine months of 2006
 
Revenues:
1.8,717,136
2.8,146,609
 
Cost of production of the sold goods:
1.8,487,798
2.8,167,362
 
Sales profit:
1.229,338
2.-20,753
 
Profit before tax:
1.339,184
2.116,328
 
Taxes:
1.162,543
2.61,363
 
Net profit:
1.176,641
2.54,965

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