RusHydro Reports Loss

Jan. 21, 2013

State-controlled hydroelectric power producer RusHydro on Friday reported a nine-month net loss of 2.53 billion rubles ($84 million) due to one-off revaluation charges. In the same period a year ago, the company turned a 34.8 billion ruble profit.

Adjusted net profit came in at 13.8 billion rubles, the company said, down 61 percent year on year and below a? Reuters? poll forecast of 14.8 billion rubles.

Earnings? before interest, taxation, depreciation and amortization declined 33 percent to 39.9 billion rubles, broadly in line with market expectations.

(Reuters)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue