OREANDA-NEWS  On 10 November IDGC of Centre, JSC published a profit-and-loss report according to the results of its activity in the third quarter, 2008. In the third quarter the Company's net profit equalled RUR 491,071k. Increase of the net profit in comparison with the second quarter, 2008, equalled 85%.

According to Head of the Department of Corporate Finance, IDGC of Centre, JSC,  Alexander Skubilin, the rate of proceeds growth has outstripped the prime cost growth rate; this lead to  increase, in comparison with the second quarter, of total profit and, as a result, of the net profit.

The main factor of increase in the rate of proceeds growth over prime cost growth rate were proceeds from technological connection, that, according to the results of the third quarter, equalled RUR 1,274,016k.

Find more information on IDGC of Centre, JSC website

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