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JSC FGC UES revenue for 9 months of 2009 increased by 20%

JSC FGC UES prepared the statutory accounting reports for the 9 month of 2009 in accordance with the Russian accounting regulation (RAR) *.  Revenue of JSC FGC UES increased by RUR 10.3 billion (20%) as compared to the similar period of the previous year and amounted to RUR 61.9 billion due to increase in production capacities as well as to 20.7% increase in tariff for electric power transmission via the UNEG (average monthly tariff in the current year amounts to 58,159.01 RUR/MW as compared to 48,170.26 RUR/MW in 2008).

For the reporting period JSC FGC UES realized net profit of RUR 12.6 billion.  Net profit increased by RUR 5.5 billion (77%) as compared to the similar the period of previous year due to increase in income from operating activity.

RAR accounting reports is available on the Company’s Web-site at: http://www.fsk-ees.ru/investors_finance_rfrs.html 

* These statutory accounting reports do not include accounting data of the subsidiary and associated companies of JSC FGC UES which carry out their activity as independent legal entities.  Financial results of t he subsidiary and associated companies will be included in 2009 IFRS consolidated financial statements.