OREANDA-NEWS. On 24 March 2008 was announced, that the management of IDGC of Centre took part in the meeting with representatives of the investment community organized by Uralsib bank. The meeting was held in the conference hall of "Swissotel - Krasnye Holmy" hotel. IDGC of Centre was represented in the meeting by General Director Evgeniy Makarov, Deputy General Director for Corporate Governance Konstantin Kotikov, Deputy General Director for the Economy and Finance Evgeniy Bronnikov.

General Director of IDGC of Centre reported on the basic strategic directions of the company’s activity and preliminary results of activity for 2007.

Thus, the proceeds of the company in 2007 increased by 25 % and amounted to 32.3 billion rubles. Net profit growth equaled 48 %, and its amount equaled 1.9 billion rubles. EBITDA indicator equaled 6.6 billion rubles. Despite the increase in the amount of loans, the relation of the cumulative borrowed capital to EBITDA in 2007 decreased in comparison with 2006 from 0.75 to 0.62 that proves improvement of the credit rating on the given indicator.

In his performance, Mr. Evgeniy Makarov reported on the closing stages of DGCs consolidation into IDGC of Centre which is to become an operational company. Date of converting DGCs shares into IDGC of Centre's shares is 31 March 2008. Establishment of IDGC of Centre as an operational company instead of the holding setting up as it was supposed earlier was positively estimated by the market. The total capitalization of DGCs attached to IDGC of Centre, in 2007 increased by 48 %. As of 1 March 2008, total capitalization of DGCs equaled 54.3 billion rubles.

Answering the questions, top managers of IDGC of Centre advised additional information on activity of the company which was of interest to investors.