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

OAO Mosenergo published this content on 09 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 August 2017 07:41:10 UTC.

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