The Fifth Power Generation Company’ (OGK-5) has recently published a report on its financial success in the first quarter of 2007.

The company’s revenues amounted to 8,141,082,000 RUR (compared with 4,742,362,000 RUR in January-March 2006), its gross profits and profits on sales reached 1,085,641,000 RUR and 969,329,000 RUR, respectively, with expenses outstripping the profits by 617,027,000 RUR. OGK-5’s profit tax and other payments came to 301,146,000 RUR in the first quarter of 2007.

The company’s net profit amounted to 51,156,000 RUR, which falls short of the figures for January-March 2006 (namely, 590 million RUR) by 11.5 times.

‘Our net profits were quite badly affected by having to put out the massive fire at Reftinskaya power station last December; we do not like to see this dramatic drop in revenues as a disaster, though, as we are going to get all our money back in the form of insurance payments within a year,’ the company’s PR Director Sergey Karaulov said to UrBC.