“Magadanenergo for 9 months reduced the net loss grew by 21%

Magadan. 27 Oct. INTERFAX, JSC “Magadanenergo” (part of the holding “RAO ES of the East”) in January-September 2017 cut its net loss grew by 21.4% compared to the same period of 2016 to 340,8 million rubles, stated in the financial statements of the company.

Revenue decreased by 3.7% to 5,644 billion. According to the report, revenue decreased due to the reduction in energy sales (amounted to 3,729 billion roubles, as compared to 4,082 billion rubles in January-September 2016). At the same time increased sales of heat (1,822 billion roubles, as compared to 1,694 billion respectively).
Other income increased 1.4 – fold to 1,711 billion rubles, other expenses decreased by 33%, to 212 million rubles.

Leave a Reply

Your email address will not be published. Required fields are marked *