Sunday, December 8, 2019
Sign-In
|
Sign-Up
|
Contact Us
|
Bookmark
Home
News
Articles
Forum
Search
Directory
Blog
Accounts
Business
|
Politics
|
Technology
|
Entertainment
|
Sport
|
Other
|
All Published News
|
RAO UES said Friday its net profit fell 80% in the first three months of the current year
Russia's electricity monopoly RAO UES [RTS: EESR] said Friday its net profit fell 80% in the first three months of the current year, to 2.85 billion rubles ($110 million), year-on-year. The company's net profit in the first quarter of 2006 stood at 5.26 billion rubles ($198 million). It said the fall was due in part to a market-based revaluation of corporate share prices in October through December 2006, down 717.65 billion rubles ($27.6 billion). In late April, the UES Board recommended waiving dividends for 2006 in favor of investment in the country's power grid and generation facilities. It said the company only received "paper profits not secured by cash flows." "The payment of dividends from net profit, unsecured by cash flows, will jeopardize an investment program and damage financials," the company said.
Related News
The fire area has almost doubled in Russia over the past day
Russia's gold and foreign currency reserves increased by $7.8 billion
Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 443.7 billion rubles
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 411 billion rubles
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Russia will raise oil export duty by $44.2, to $200.6 per metric ton
The creditors' committee of the now bankrupt oil firm Yukos will hold another auction to sell the company's transport and bank assets in summer
Russia's state-controlled foreign trade bank Vneshtorgbank said Wednesday its net profit
Russia's privately owned Alfa Bank said Wednesday its net profit had increased 25.6%
Russia's Stabilization Fund stood at 2,920.5 billion rubles on May 1
The monthly payment added in Moscow to a pension will be increased by 70 roubles
Wild ducks in three areas of Russia’s Altai region were found to have antibodies to bird flu
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Russia's chief sanitary doctor said Friday outbreaks of bird flu could occur in Siberia and European Russia this summer
Russia's investment index will open Thursday at 773,45 points
Russia's gold and foreign currency reserves increased by $4.6 billion
Russian President Vladimir Putin stated that it was not possible to raise the retirement age in the country
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Additional budget revenues will exceed $15.5 billion in 2007
Apr
May 2007
Jun
Mo
Tu
We
Th
Fr
Sa
Su
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10