OGK 2 : RAS Net Profit for the 9M 2018 grew by 2%

OGK-2 RAS Net Profit for the 9M 2018 grew by 2%
26.10.2018

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).

Key Highlights of the Statement of Financial Results (mn RUR)	9М 2017	9М 2018	Change (%)	Change (∆)
Revenue	102,694	103,462	+0.7%	+768
Cost of sales	(86,337)	(86,187)	-0.2%	-150
Gross profit	16,357	17,275	+5.6%	+918
Net profit	7,975	8,133	+2.0%	+158
EBITDA	20,182	20,339	+0.8%	+157

Company revenue for the 9 months of the 2018 totaled RUR 103 bln 462 mn, increasing by 0.7% year-on-year. At the same time cost of sales was decreased to RUR 86 bln 187 mn.

EBITDA grew by 0.8% year-on-year, up to RUR 20 bln 339 mn.

Gross profit increased by 5.6% year-on-year up to RUR 17 bln 275 mn. Net profit grew by 2% to 8 bln 133 mn.

Detailed information about OGK-2 performance for the 9M 2018 in accordance with RAS is available at the company's website in the RAS Accounting Reports section.

For reference:

OGK-2 is a leading heat generator comprising 11 active power plants. The Company includes: Adlerskaya TPS, Kirishskaya State District Power Plant, Krasnoyarskskaya State District Power Plant 2, Pskovskaya State District Power Plant, Novocherkasskskaya 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.

The Company's controlling shareholder is 'Gazprom Energoholding' LLC (100% subsidiary of 'Gazprom' JSC).