OREANDA-NEWS. September 1, 2009. The profitability of own equity, provided by the return on equity (ROE) accounts for 0.96%.

Net profit of IDGC of North-West by the Russian Accounting Standards (RAS) in the 1 half of 2009 accounted for RUR 312.5 million.

Note: Regional Gird Company loss for the 1 quarter of 2008 accounted for RUR 1,454.5 million, the net profit for the 1 half year of 2008 of IDGC of North-West accounted for RUR 132.9 million.

The accrued profit of the company in January-June of 2009 accounted for RUR 12,609 million, including the profit from power transmission – 94.9%.

Note: The profit for the 1 half year of 2008 according to regional grid companies and IDGC of North-West accounted for RUR 11,028 million.

Return on equity approved by the money flow (ROE) for the reporting period – 0.96%. Profitability of sales together with this accounted for 7.71%, due to the decrease of costs and, as a consequence, the increase of sales profit.

Equity to total assets for the I half year of 2009 accounts for 0.75%.

The comparison of the indices of 2009 with the indices of the correspondent period of the past year is incorrect as far as IDGC of North-West since April 1, 2008 have been acting as a unified operational company.

During the analysis of the financial indices of the company by the results of the I half year of 2009, it is necessary to consider that the profit accrued by the Company not in full though is provided by the cash inflow from the consumers – power selling companies of North-West. The recession of the national economy lead to the non-payments of the major industrial companies and incurred the disagreement with the selling companies relating to the amounts of the rendered services.