RusHydro boosted nine-month profit 19 percent because of unrepeated finance expenses in the previous year period, the utility said Tuesday on its website.
Net income climbed to 30.6 billion rubles ($1 billion) from 25.6 billion rubles a year earlier. RusHydro had net finance income of 366 million rubles this year, compared with costs of 3.11 billion rubles a year earlier. Revenue fell 34 percent to 197 billion rubles.
Vneshekonombank chief executive Vladimir Dmitriyev said in Davos, Switzerland, late last week that the bank may acquire a 10 percent share in RusHydro. VEB may spend 64 billion rubles to acquire treasury shares in the company.
(Bloomberg)
