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MOSCOW, May 3 (Itar-Tass) — Net profits of the electric energy company Inter RAO UES in the first quarter of 2012 went down by 38.6 percent to 632.837 million rubles, a report according to Russian standards says.
Profits of Inter RAO UES in January-March 2012 dropped in comparison with the same period of 2011 by 28.4 percent to 14.613 billion rubles. The cost of products amounted to 11.847 billion rubles against 16.063 billion rubles in the first quarter of 2011. Profits without taxation amounted to 1.426 billion rubles against profits in January-March 2011 equal to 1.384 billion rubles.
Inter RAO UES is an electric energy company controlling a number of generating and distributing energy assets in Russia and abroad. The company is engaged in exporting and importing electric power. Today the company heads a group of more than 20 companies situated in 14 countries.