Kharkivoblenergo (HAON:HOLD) Announces 1Q Results
1 June 2008
In 1Q05 electricity distribution company Kharkivoblenergo posted USD 56.4 mn net revenue (+18%, yoy), and USD 0.16 mn net income (compared to USD ?2.4 mn losses in 1Q04). Concorde Capital The company increased electricity supply by 2.1% yoy in 1Q05. Revenue growth was caused by rebalancing of transition and supply tariffs, which occurred in April and May 2004.
