Support The Moscow Times!

RusHydro Posts $15M Loss

State-controlled hydroelectric power producer RusHydro on Monday reported a first-half net loss of 468 million rubles ($15.17 million) due to one-off revaluation charges, compared with a 32.4 billion ruble year-ago profit.

Adjusted net profit came in at 13.4 billion rubles, the company said, down 59 percent year on year and below a 15.2 billion Reuters poll forecast.

EBITDA declined 37 percent to 31.1 billion rubles, broadly in line with market expectations.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.