UES releases 2005 results

9 May 2006


Property, plant, and equipment assets of the company stood at RUB921 billion ($34 billion), an increase of RUB28 billion ($1.03 billion) from 1 January 2005.

Group revenues and other operating income in the first nine months of 2005 rose by 14% to RUB544 billion ($19.98 billion), an increase of RUB 66 billion ($2.4 billion) compared to the same period of 2004.

However, operating expenses grew by 15% to RUB502 billion ($18.6 billion), mainly driven by increases in fuel prices.




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