OGK-2 RAS Revenue for the 1Q 2018 grew by 2.3%
27.04.2018
OGK-2 releases its Accounting Statements for the 1Q 2018, prepared inaccordance with Russian Accounting Standards (RAS).
Highlights of the Consolidated Income Statement | 3М 2017 | 3М 2018 | Change(%) | Change(∆) |
Revenue | 38,121 | 39,016 | +2.3% | +895 |
Cost of sales | (29,779) | (31,254) | +5.0% | -1 475 |
Gross profit | 8,342 | 7,762 | -7.0% | -580 |
Net profit | 5,284 | 4,932 | -6.7% | -352 |
EBITDA | 10,145 | 9,426 | -7.1% | -719 |
Company revenue for 1Q 2018 totaled RUR 39 bln 016 mn, increasing by 2.3% year-on-year. The revenue dynamics were considerably influenced by growing revenue from capacity sales. Cost of sales amounted to RUR 31 bln 254 mn.
EBITDA decreased by 7.1% year-on-year, up to RUR 9 bln 426 mn.
Gross profit totaled RUR 7 bln 762 mn (-7.0%). Net profit decreased by 6.7% to 4 bln 932 mn.
Detailed information about OGK-2 performance for the 1Q 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).
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OGK-2 OAO published this content on 27 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2018 16:09:11 UTC