OGK 2 : RAS Net Profit for the 9M 2017 grew by 3.3x

OGK-2 RAS Net Profit for the 9M 2017 grew by 3.3x
27.10.2017

OGK-2 releases its operating results and Accounting Statements for the 9M 2017, prepared in accordance with Russian Accounting Standards (RAS).

Key Highlights of the Statement of Financial Results (mn RUR)	9M2016	9M2017	Change(%)	Change(∆)
Revenue	94,086	102,694	+9.1%	+8,608
Cost of sales	(83,837)	(86,337)	+3.0%	+2,500
Gross profit	10,249	16,357	+59.6%	+6,108
Net profit	2,393	7,975	*3.3	+5,582
EBITDA	11,075	20,182	+82.2%	+9,107

Company revenue for the 9 months of the 2017 totaled RUR 102 bln 694 mn, increasing by 9.1% year-on-year. The revenue dynamics were considerably influenced by growing revenue from capacity sales. At the same time cost of sales grew by 3% to RUR 86 bln 337 mn.

EBITDA grew by 82.2% year-on-year, up to RUR 20 bln 182 mn.

Gross profit increased by 59.6% year-on-year up to RUR 16 bln 357 mn.

Net profit grew by 3.3x to 7 bln 975 mn.

Detailed information about OGK-2 performance for the 9M 2017 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 with total installed capacity of circa 19.0 GW. 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).

Contacts: www.ogk2.ru