CEEN Releases 1H Results
8 August 2008
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El.production Sales,USD mln Gross profit,USD mln Net Income,USD mln
TWh YoY 1H07 YoY 1H07 YoY margin 1H07 YoY margin
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7.53 -4% 277.9 11% 49.6 10.5 18% 15.9 6.7 6%
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Alexander Paraschiy: Despite a decrease in electricity output, the company managed to increase its profitability, mainly due to increase in efficiency of fuel burning. The company’s debt problem is far from being solved, the company’s outstanding payables are still about USD 200 mln.
