Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

RusHydro Reports Loss

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)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.