Interfax reported that OJSC Kuzbassenergo or TGK-12 made net losses figured to Russian Accounting Standards of RUB 618.565 million in the first half of this year up 190% from the RUB 211.008 million in net losses it incurred in the same six months of last year.
Sales revenues were up 14.7% at RUB 17.939 billion.
| H1'12 | H1'11 | |
| Sales revenue | 17 938 797 | 15 644 935 |
| Cost of sales | 17 995 345 | 14 943 610 |
| Gross profit (loss) | (56 548) | 701 325 |
| Sales profit (loss) | (66 874) | 691 834 |
| Pretax loss | (704 284) | (140 038) |
| Net loss | (618 565) | (211 008) |
In’000 RUB
The company accounts receivable contracted 17% over the half to RUB 4.091 billion as of June 30. Its long-term obligations increased 7% to RUB 16.449 billion and its short-term owings 67.5% to RUB 15.216 billion.
TGK-12 has six power stations in Kemerovo Region and two in Altai Territory. Its installed generating capacity is 4,480 mWt for power and 8,734.5 gCal/hour for thermal energy.
Source - Interfax
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