23 Apr 2012 07:36
Federal Grid Company UES Group announces 2011 IFRS results
23 April 2012. Moscow - Federal Grid Company of Unified Energy System ("Federal Grid" or the "Company", ticker: FEES on MICEX-RTS and LSE) and its subsidiaries ("Federal Grid Cimpany UES Group" or the "Group"), the operator and manager of Russian unified electricity transmission grid system, publishes its Annual Financial Report for 2011. The document contains a comprehensive management report, responsibility statement, and audited financial statements.
The Report is available on the Company's website at www.federal-grid.com and at www.morningstar.co.uk/uk/NSM.
Enquiries:
Contacts
| ||
Analysts / Investors | ||
Federal Grid IR team | Work | Mobile |
Alexander Duzhinov | +7 (495) 710 9064 | +7 (916) 041 8053 |
Nadezda Sukhova | +7 (495) 710 9541 | |
Egor Toropov | +7 (495) 710 9333 ext. 2275 | |
Vladimir Baklanov | +7 (495) 710 9333 ext. 2926 | |
International Media | ||
M:Communications | Work | Mobile |
Tom Blackwell | +7 (919) 102 9064 | +7 (495) 663 8009 |
Sam VanDerlip | +7 (916) 306 6112 | +7 (495) 663 8005 |
About Federal Grid Company
Federal Grid Company is the operator and manager of Russia's unified electricity transmission grid system. The Company operates over 124,000 km of transmission lines and has over 322 GVA of installed transformer capacity. Based on the length of transmission lines and transformer capacity in place, Federal Grid is the largest publicly traded electricity transmission company in the world.
Federal Grid's business is to provide electricity transmission and technological connection services.It maintains and develops the grid system and supervises grid facilities and infrastructure in 73 regions of Russia, covering a territory of 13.6 million square kilometres. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises. The Company is a natural monopoly with a 79.55% stake controlled by the Government of Russia.
Federal Grid Company was incorporated in June 2002 as part of reorganisation of Russia's electrical power industry.
Federal Grid Company's common shares are included on the MICEX-RTS stock exchange under the ticker FEES and the Company's GDRs are listed on the London Stock Exchange and traded under the same FEES symbol.
In 2011 the Company's IFRS revenue for 2011 was RUB 139,571 million, adjusted EBITDA as RUB 83,760 million, and adjusted net profit was RUB 38,241 million.
Further information can be found at www.federal-grid.com
FEES.L (FEES)