Source Pravda.Ru

Mosenergo Reports 2001 Profit

Mosenergo, the company that supplies electricity and heat to the Russian capital, reported a 2001 profit from a net loss the year before as higher state, regulated prices boosted revenue, the Moscow based Renaissance Capital have said.

Mosenergo's net income was $9 million from a loss of $3 million in 2000, in results prepared to US generally accepted accounting principles, Renaissance said. Revenue rose by about one third to $1.49 billion, after the government let Mosenergo raise prices and electricity consumption increased, Renaissance said.

Mosenergo said it is urging the Moscow authorities to raise energy price caps as 2002 profit will fall if government- controlled electricity bills are kept at current levels.

Comments
Americans obtain secret information about Russia’s new Avangard missiles
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Russian party girl Nastya Rybka refuses to please Washington
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Melania Trump starstruck when shaking hands with Putin
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Now it's Law: Israel is not a Democracy
Now it's Law: Israel is not a Democracy
Putin makes first public comment on Russian pension reform
Donbass referendum: Putin’s bright move to force Ukraine to obey
Now it's Law: Israel is not a Democracy
Americans obtain secret information about Russia’s new Avangard missiles
EU and Western Sahara: The Hassle and the Controversy!
After Syria, Russia goes to Afghanistan
Russia reveals new videos of Putin's new formidable weapons being tested
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?