OREANDA-NEWS. In 2006, WGC-6's sales rose up 37%, forming 1056 mln USD. Operating profit reached 253 mln USD, however, if to exclude a single time item "impairment reversal", then company showed operating loss of 9.5 mln USD, reports Veles Capital.

For the first six months of 2007, the company's sales reached 632 mln USD, showing a 29% growth relative to the first half of previous year. The company gained an operating profit of 85 mln USD, whilst net profit reached 43 mln USD.

WGC-6 shows impressive hike of financial results of 1H 2007 versus 1H 2006, and 2006 in general.

The company was able to get net profit, while showing good effectiveness. Primary activity margin formed 13.4%, EBITDA margin - 21%. Sales rose by 29%, costs added 11%.  Energy purchases off market expenses totaled 67.9 mln USD, while income of purchased energy sale amounted to 96.9 mln USD.

"To sum up we must say that despite good progress of WGC-6, we are neutral towards given report, as the effectiveness of the company is still at low level, though the positive influence brought by market liberalization is already obvious," the experts conclude.