November 10, 2017 Moscow
RELEASE Mosenergo 9m 2017 IFRS Profit Grew by 2.3 timesMosenergo releases unaudited interim consolidated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2017.
Consolidated Statement of Comprehensive Income Key Figures, (mn RUR) | 9m 2016 | 9m 2017 |
Revenue | 127,630 | 135,345 |
Variable Costs | (85,275) | (84,141) |
Fixed Costs (1) | (18,643) | (19,089) |
EBITDA (2) | 18,874 | 30,716 |
EBITDA adj.(3) | 23,712 | 32,115 |
Depreciation of Property, Plant and Equipment | (11,212) | (11,238) |
Operating Profit | 7,662 | 19,478 |
Profit for the Period | 7,331 | 16,820 |
(1) Excluding depreciation of PP&E
(2) EBITDA = operating profit + depreciation of PP&E
(3) Adjusted on net charge on impairment and other provisions
Company revenue grew by 6.0% year-on-year up to RUR 135,345 mn. The main reason for the revenue growth was high performance of SGT-units, commissioned under Capacity Supply Agreements (CSA).
Variable costs for 9m 2017 decreased by 1.3% year-on-year, down to RUR 84,141 mn.
Fixed costs (excluding depreciation of PP&E) in the reporting period slightly increased by 2.4%, up to RUR 19,089 mn.
EBITDA for 9m 2017 amounted to RUR 30,716 mn (+62.7% year-on-year). Mosenergo IFRS profit for 9m 2017 increased by 2.3 times, up to RUR 16,820
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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