Source Pravda.Ru

RAO UES pre-tax profit eases back

RAO UES's pre-tax profit decreased to 6.97bn rubles ($221.3m) in the second quarter of 2002 compared to 11.059bn rubles ($351.08m) in the corresponding period last year and 23.364bn rubles ($741.7m) in the first quarter of 2002, a source in the energy holding told RBC.

As it was reported earlier, the company's net profit amounted to 17.533bn rubles ($556.6m) in the first quarter of 2002. It was a result of revenues from the holding's participation in the operation on resolving the situation concerning Russia's debt to the Czech Republic, the representative specified.

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