August 25, 2016 Moscow
RELEASE Mosenergo 1H 2016 IFRS Profit Grew by 21.8%Mosenergo releases unaudited interim consolidated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2016.
Consolidated Statement of Comprehensive Income Key Figures, (mn RUR) | 6M 2015 | 6M 2016 |
Revenue | 88,326 | 95,796 |
Variable Costs | (58,603) | (64,802) |
Fixed Costs (1) | (12,359) | (13,260) |
EBITDA (2) | 17,577 | 18,193 |
Depreciation of Property, Plant and Equipment | (9,251) | (7,413) |
Operating Profit /(Loss) | 8,326 | 10,780 |
Profit for the period | 8,227 | 10,021 |
(1) Excluding Depreciation of PP&E
(2) EBITDA = Operating Profit + Depreciation of PP&E
In 1H 2016 Company revenue grew by 8.5% year-on-year up to RUR 95,796 mn. The bulk of the total revenue (54%) was contributed by the revenue from electricity and capacity sales, which increased by 10% up to RUR 51,727 mn, on the
back of new CCGT-units commissioning at CHP-12 and CHP-20.
Revenue from heat sales (44.7% of the total revenue) increased by 13.8% year- on-year, totaling RUR 42,831 mn, mainly on the back of higher heat output (+12.5% in the reporting period). Other revenue totaled RUR 1,238 mn.
Variable costs in 1H 2016 grew by 10.6 year-on-year, totaling RUR 64,802 mn.
Fixed costs (excluding Depreciation and Impairment of PP&E) in the reporting period grew by 7.3%, up to RUR 13,260 mn.
EBITDA for 1H 2016 increased by 3.5% year-on-year, up to RUR 18,193 mn.
Mosenergo IFRS profit for the 1H 2016 increased to RUR 10,021 mn growing thus by 21.8%.
MOSENERGO PR DEPARTMENT
Tel.: Fax: Е-mail: Website: | (495) 957-1-957, ext. 2282, 2290 (495) 957-37-99 press-centre@mosenergo.ru http://www.mosenergo.ru |
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