August 9, 2017 Moscow
RELEASE Mosenergo 1H 2017 IFRS Profit Grew by 45%Mosenergo releases unaudited interim consolidated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2017.
Consolidated Statement of Comprehensive Income Key Figures, (mn RUR) | 6m 2016 | 6m 2017 |
Revenue | 95,769 | 104,181 |
Variable Costs | (64,760) | (65,483) |
Fixed Costs (1) | (12,580) | (12,048) |
EBITDA (2) | 17,992 | 25,304 |
Depreciation of Property, Plant and Equipment | (7,446) | (7,389) |
Operating Profit | 10,546 | 17,915 |
Profit for the Period | 10,021 | 14,528 |
(1) Excluding depreciation of PP&E
(2) EBITDA = operating profit + depreciation of PP&E
Company revenue grew by 8.8% year-on-year up to RUR 104,181 mn. The main reason for the revenue growth was high performance of CCGT-units, commissioned under Capacity Supply Agreements (CSA).
Variable costs for 6m 2017 increased by 1.1% year-on-year, up to RUR 65,483
mn.
Fixed costs (excluding depreciation of PP&E) in the reporting period decreased
by 4.2%, down to RUR 12,048 mn.
EBITDA for 6m 2017 amounted to RUR 25,304 mn (+40.6% year-on-year). Mosenergo IFRS profit for 6m 2017 increased by 45%, up to RUR 14,528 mn.
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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