OREANDA-NEWS. August 3, 2010. According to statements for the first half year 2010 prepared in accordance with the Russian Accounting Standards (RAS) the revenue of IDGC of Centre amounted to 29,41 billion Rubles, including that from electric power transmission — 28,61 billion Rubles, from technical connection — 547 million Rubles and other revenue — 262 million Rubles.

The gross profit of IDGC of Centre for the reporting period amounted to 4,37 billion Rubles, the profit on sales — 3,72 billion Rubles, the profit before taxation amounted to 2,89 billion Rubles, the net profit amounted to 2,49 billion Rubles.

The profitability indices of IDGC of Centre following the results of the Ist half year 2010 amounted to the following ones: gross profit — 14,9 %, profit on sales — 12,6 %, net profit — 8,5 %.

The revenue of IDGC of Centre of the Ist half year 2010 grew by 18 % as compared to the analogous period of the previous year. This growth is mainly caused by increase of revenue from transmission of electric power by 19,1 %. It is connected with increase of productive supply in the Ist quarter 2010 because of growth of electric power consumption by industrial consumers and increase of tariff for electric power transmission.   

At the same time revenue from technical connection decreased by 12,2 %, including as a result of transfer of five divisions of the Company to new parameters of tariff regulation — RAB. The tendency of decreasing of revenue from technological connection will be preserved.

The Company gross profit increased by 22 % as compared to the analogous period of the previous year, it is caused by outstripping growth rate of revenue over prime cost. The Company prime cost according to the results of the Ist half year 2010 amounted to 25,04 billion Rubles, growth against analogous period of the last year is 17,4 %.

According to the results of the Ist half year 2010 the profit on sales increased by 21,2 % against the analogous indicator for the Ist half year 2009. Net profit ratio grew by 41,2 %, and by means of decrease of profit tax payments and other analogous compulsory payments as well.