Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Enel OGK-5 Boosts 2011 Profit 34% on Price; Misses Estimates

Don't Miss Out —
Follow us on:

March 6 (Bloomberg) -- OAO Enel OGK-5, the Russian utility controlled by Italy’s Enel SpA, boosted profit 34 percent last year, missing analyst estimates, after expanding plants and benefiting from an increase in free-market power prices.

Net income climbed to 4.96 billion rubles ($168 million) from about 3.7 billion a year earlier, according to an e-mailed statement from Enel OGK-5. That missed an average estimated of 7.1 billion rubles from 11 analysts surveyed by Bloomberg.

Operating revenue rose 14 percent to 60.1 billion rubles, Enel OGK-5 said. Market prices increased by 11 percent in European Russia compared with 2010, the utility said.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at

To contact the editor responsible for this story: Torrey Clark at