November 25, 2015 Moscow
RELEASEMosenergo releases unaudited consolidated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2015.
Consolidated Statement of Comprehensive Income Key Figures, (mn RUR) | 9M 2014 | 9M 2015 |
Revenue | 107,568 | 114,314 |
Variable Costs | (76,212) | (76,006) |
Fixed Costs(1) | (19,239) | (20,318) |
EBITDA (2) | 13,329 | 18,691 |
Depreciation of Property, Plant and Equipment | (10,993) | (14,915) |
Operating Profit | 2,336 | 3,776 |
Profit for the Period | 745 | 2,264 |
Excluding Depreciation of PP&E.
EBITDA = Operating Profit + Depreciation of PP&E.
In 1H 2015 revenue grew by 6.3% year-on-year up to RUR 114,314 mn.
The bulk of the total revenue (57.9%) was contributed by the revenue from electricity and capacity sales, which remained flat year-on-year totaling RUR 66,188 mn. Revenue from heat sales (37.5% of the total revenue) increased by 8.9% in the reporting period up to RUR 42,868 mn, among other things on the account of some of MOEK's boiler-houses transfer under management of Mosenergo. Other revenue amounted to RUR 5,258 mn.
Variable costs in 9M 2015 remained flat year-on-year, totaling to RUR 76,006 mn. Fixed costs (excluding Depreciation and Impairment of PP&E) in the reporting period grew by 5.6%, up to RUR 20,318 mn.
EBITDA in 9M 2015 increased by 40.2% year-on-year, up to RUR 18,691 mn.
IFRS profit of Mosenergo for 9M 2015 amounted to RUR 2,264 mn growing thus three-fold.
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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