Russia's Quadra says 2011 net profit down 64 pct

MOSCOW Thu May 24, 2012 3:17am EDT

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MOSCOW May 24 (Reuters) - Russian power generating company Quadra, formerly known as TGK-4, said on Thursday its 2011 net income declined 64 percent to 900 million roubles ($28.38 million).

It didn't give reasons for the decrease.

Revenues rose 13 percent to 40.2 billion roubles, while earnings before interest, tax, depreciation and amortisation (EBITDA) also increased 13 percent, to 4.4 billion roubles.

($1 = 31.7099 Russian roubles) (Reporting by Nastya Lyrchikova; reporting by Vladimir Soldatkin)

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