OREANDA-NEWS. OJSC OGK-2 releases its Accounting Statements for 9 months of the 2014, prepared in accordance with Russian Accounting Standards (RAS).

The Company's revenue for the 9 months of the 2014 totaled RUR 83 bln 313 mn, growing by 2.6% year-on-year. The increase in revenue was due to electricity and capacity prices growth on the wholesale market on the back of decrease of sales volumes.

Cost of sales for the 9 months of the 2014 grew by 2.4% year-on-year and totaled RUR 73 bln 437 mn. Therewith, the company worked on coal usage increase, providing that period additional margin against natural gas. This led to fuel usage optimization of, which dominates in the cost of sales structure.

As a result, the gross profit for the 9 months of the 2014 increased by 3.9% year-on-year and totaled RUR 9 bln 875 mn.

EBITDA for the 9 months of the 2014 decreased by 2.0% year-on-year, amounting to RUR 10 bln 460 mn.

OJSC OGK-2 net profit for the 9 months of the 2014 totaled RUR 5 bln 491 mn, increasing by 0.6% year-on-year.