OREANDA-NEWS. December 6, 2010. FGC UES Group publishes its unaudited 1Q 2010 financial statements prepared in accordance with the International financial reporting standards.

Based on the results in the reporting period FGC UES Group operating profit totaled RUR 56.6 bln. and increased by 34% as compared with the similar period of 2009. Operating profit increase resulted mainly from the increase in transmission service tariff.

Net profit of FGC UES Group for the 6m 2010 amounted to RUR 12.6 bln. The increase by 59% as compared with the 6M of 2009 was mainly due to the company transfer to a new tariff regulation system based on regulated asset base since 1 January 2010.