OGK-2 IFRS Revenue for the 6 months of 2018 grew by 1.5%
29.08.2018
OGK-2 releases interim abbreviated consolidated unaudited Financial Statements for the 6 months ended June 30, 2018, prepared in accordance with International Financial Reporting Standards (IFRS).
Highlights of the Consolidated Income Statement | 6М 2017 | 6М 2018 | Change (%) | Change (∆) |
Revenue | 70 094 | 71 129 | +1,5% | +1 035 |
Operating Expenses | (58 870) | (59 955) | +1,8% | -1 085 |
Operating Profit | 11 519 | 10 277 | -10,8% | -1 242 |
EBITDA* | 17 053 | 16 582 | -2,8% | -471 |
Profit for the Period | 6 826 | 6 564 | -3,8% | -262 |
* EBITDA= Operating profit + Depreciation and Amortization.
The Group revenue for 6M 2018 totaled RUR 71,129 mn, up by 1.5% year-on-year.
Operating expenses totaled RUR 59,955 mn, growing by 1.8% year-on-year, mainly on the account of depreciation and amortization.
Thus, operating profit decreased by 10.8% year-on-year down to RUR 10,277 mn. EBITDA totaled RUR 16,582 mn, down by 2.8% year-on-year. Profit decreased by 3.8%, down to RUR 6,654 mn.
The detailed information about OGK-2 performance the 6 months of 2018
in accordance with IFRS is available at the company's website in the IFRS Financial Reports section.
For reference:
OGK-2 is a leading thermal generator, including 11 power plants. The Company includes: Kirishskaya State District Power Plant, Krasnoyarskskaya State District Power Plant 2, Pskovskaya State District Power Plant, Novocherkasskaya State District Power Plant, Ryazanskaya State District Power Plant, Serovskaya State District Power Plant, Stavropolskaya State District Power Plant, Surgutskaya State District Power Plant 1, Troitskskaya State District Power Plant, Cherepovetskaya State District Power Plant and Adlerskaya TPS. The Company's controlling shareholder is 'Gazprom Energoholding' LLC (100% subsidiary of 'Gazprom' JSC).
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OGK-2 OAO published this content on 29 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 August 2018 15:31:07 UTC