Russia grid operator says H1 net profit 3.91 bln rbls

MOSCOW Nov 15 (Reuters) - Russia's Federal Grid Co. , the state-controlled national electricity grid operator, reported first-half net profit of 3.91 billion roubles ($123.15 million) in a statement on Thursday.

Excluding depreciation of liquid securities held by the company, which is also known by its Russian acronym, FSK, net profit was 14 billion roubles, the company said. ($1 = 31.7495 Russian roubles) (Writing by Melissa Akin)