Russian power holding Inter RAO has raised the forecast for earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2016 to 85 billion rubles from 79-80 billion rubles, Dmitry Palunin, a member of the management board, said.
The forecast is under International Financial Reporting Standards (IFRS).
In May, Inter RAO already raised its EBITDA outlook for 2016 to 79-80 billion rubles from 75-77 billion rubles.
In 2015, the company’s EBITDA under IFRS increased by 26.3% to 71.125 billion rubles. (Prime/Business World Magazine)
