Webdisclosure.com

Search

PJSC MOSENERGO PJSC Mosenergo releases IFRS for 1Q2019

Directive transparence : information réglementée

08/05/2019 12:21

PJSC Mosenergo (AOMOY)
PJSC Mosenergo releases IFRS for 1Q2019

08-May-2019 / 12:21 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

 

RELEASE

 

May 8, 2019

Moscow

PJSC «Mosenergo» releases IFRS for 1Q2019

Mosenergo releases interim unaudited consolidated financial statements (prepared in accordance with IFRS) for the 3 months ended March 31, 2019.

 

Consolidated Statement of Comprehensive Income

Key Figures, (mn RUR)

3M 2018

3M 2019

Revenue

72,197

67,092

Variable Costs

(46,908)

(44,972)

Marginal profit(1)

11,760

12,983

Fixed Costs (2)

(5,608)

(5,544)

EBITDA, adj. (3)

19,681

16,576

Depreciation of Property, Plant and Equipment

(3,641)

(3,816)

Operating Profit

15,545

12,485

Profit for the Period

12,742

10,662

(1) Counted as «Revenue from electricity and heat sales - Variable costs»

(2) Excluding depreciation of PP&E

(3) Adjusted to net charge for impairment and other provisions

 

Mosenergo revenue in 1Q2019 decreased by 7.1% year-on-year to RUR 67,092 mn.

Revenue from electricity and heat sales in reported period fell by 1.2% year-on-year to RUR 57,955 mn. due to warmer weather in 1Q2019 and corresponding reduction of heat output by 12.1%.

Variable costs decreased by 4.1% year-on-year, to RUR 44,972 mn, on the account of fuel expenses reduction, resulting from heat output fall and production regimes optimization allowed decreasing fuel rate for electricity by 1.4%.

Mosenergo marginal profit in 1Q2019 amounted to RUR 12,983 mn, up by 10.4%.

Revenue from capacity sales decreased by 33.8%, down to RUR 8,538 mn, after CSAs expiry for three units.

Fixed costs (excluding depreciation of PP&E) in the reporting period decreased by 1.1%, amounting to RUR 5,544 mn.

EBITDA, adjusted to net charge for impairment and other provisions, 1Q2019 amounted to RUR 16,576 mn (-15.8% year-on-year).

Mosenergo IFRS profit for 1Q2019 decreased by 16.3%, down to RUR 10,662 mn.

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

 

 



ISIN: US0373763087, RU0008958863
Category Code: QRF
TIDM: AOMOY
Sequence No.: 8548
EQS News ID: 808579

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=808579&application_name=news&site_id=symex