Source Pravda.Ru

Mosenergo's net profit falls

Mosenergo's net profit was 1.024bn rubles (about $32.8m) in the period from January to May 2002 compared to 3.645bn rubles (about $117m) in the corresponding period last year, Vitaly Kuzmin, deputy general director of the energy company, declared at a press conference today. He stressed that the decrease in profits was due to not high enough electrical and heating tariffs.

As it was earlier reported on June 26, 2002 the Federal Energy Commission rejected Mosenergo's proposal on a 22 percent increase in tariffs effective July 1, 2002. However the Federal Commission recommended the Moscow Energy Commission to consider possible increase in electrical tariffs due to the coming 15 percent advance in gas prices effective July 1, 2002. Moreover 2.3bn rubles ($70.2m) that Mosenergo spent on investment programs should also be taken into account. According to Kuzmin, this sum amounts to some 6.6bn rubles (about $210m).

©

&to=http://www.mosenergo.ru/eng/news.htm' target=_blank>MOSENERGO

Comments
Putin dislikes the idea of US army bases coming to Kuril Islands
USA plays to pretend a mighty dragon that can no longer breathe fire
Brexit: The UK's misunderstanding of Democracy
Putin dislikes the idea of US army bases coming to Kuril Islands
Madrid, shame on you!
Brexit: The UK's misunderstanding of Democracy
Putin dislikes the idea of US army bases coming to Kuril Islands
Russians lose faith in their future, get ready for worse
Capital outflow from Russia sets new records
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Putin dislikes the idea of US army bases coming to Kuril Islands
Men's presence in maternity wards during childbirth considered shameful in Russia
Macron challenges Trump. French independence and croissants at stake
Russia’s sanctions against Ukraine send message to Washington
Russia sells arms to Asia to maintain peace in the world
The Amazon and the New Conquistadores
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Castro sued over alleged torture
Macron challenges Trump. French independence and croissants at stake
Castro sued over alleged torture
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets