EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Annual Results/Annual Results
March 6, 2020
Mosenergo Releases 2019FY IFRS Results
Mosenergo releases audited consolidated financial statements (prepared in accordance with IFRS) for the 12 months ended December 31, 2019.
(2) Calculated as "Operating Profit + Depreciation and Amortization"
Mosenergo revenue for 2019FY decreased by 4.6% year-on-year, down to RUR 189,777 mn. The reason for the decline was lower revenue from capacity sales (-24.7%) on the back of capacity supply agreements expiry for three units, as well as lower revenue from heat sales (-5.3%), resulting from warmer weather in 2019 heating season. The revenue decrease was partly counterweighted by electricity output growing by 3.1%.
Operating costs increased 4.0%, up to RUR 179,290 mn.
EBITDA amounted to RUR 21,972 mn (-46.5% year-on-year).
Mosenergo IFRS profit for 2019FY decreased by 55.2%, down to RUR 9,599 mn.
06-March-2020 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Vernadskogo prospect, 101 bld. 3|
|Phone:||+7 495 957 1 957|
|Fax:||+7 495 957 32 00|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow|
|EQS News ID:||991243|
|End of Announcement||EquityStory.RS, LLC News Service|
991243 06-March-2020 CET/CEST