Net profit of OGK-1 for the first half of 2009 on RSA has more than 12 times - up to 1.6 billion rubles, the report says the company.

Revenue OGK-1 for the January-June 2009 amounted to 19.7 billion rubles, which is 4.9 billion rubles (20,2%) less than during the same period of 2008

Among the factors that influenced the change of the indicator, the company explains the formulation of the optimization power of WGC-1 in connection with the collapse of the primary energy consumption and discharge of thermal generation, as well as lowering the price of a free competitive market in electricity sector.

Cost of sales for the first half of 2009 decreased by 5.7 billion rubles (26,2%) - up to 16.1 billion rubles.

faster cost reduction compared to the rate of reduction of revenue due to reduction in variable and fixed costs. This, in particular, was the result of which the OGK-1 comprehensive program to reduce costs, as well as gradual (quarterly), rather than ad hoc, as in previous years, the increase in gas tariff, with a one-indexed (from 1 January 2009) tariffs for electricity and heat, said the company.

Change this indicator was the result and reduce costs for the purchase of commercial gas, the absence of costs for the purchase of stock, and excessive gas, optimization of the generating equipment is included in a drop of energy.

In addition, in a decline in demand for electricity in the first months of the year, WGC-1 intentionally optimize its own power in favor of buying cheaper electricity on the open market for the discharge of their obligations to consumers, resulting in the maximization of profit margin.

As a result, gross profit of OGK-1 in the first half rose by 0.7 billion rubles (24,6%) - up to 3.6 billion rubles. Profit from sales grew almost 2 times - up to 2.2 billion rubles, profit before tax - 4 times - up to 2.1 billion rubles.

current tax profits rose during the reporting period, compared with January-June last year to 34.6% and amounted to 0.3 billion rubles.
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