EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report
May 6, 2020
Mosenergo Releases 1Q 2020 IFRS Results
Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 3 months ended March 31, 2020.
(1) Without Depreciation and Amortization
(2) Calculated as "Operating Profit + Depreciation and Amortization"
OJSC "Mosenergo" and subsidiaries revenue for 1Q 2020 decreased by 10.9% year-on-year, down to RUR 59,799 mn. The reason for the decline was lower revenue from electricity and heat sales (-14.7% and -11.2%, correspondingly), resulting from decreased operating performance and warmer weather in 2020 heating season.
Operating costs for 3M 2020 decreased year-on-year by 5.4% down to RUR 51,474 mn.
EBITDA amounted to RUR 12,961 mn (-23.5% year-on-year).
Mosenergo Group IFRS profit for 1Q 2020 decreased by 46.6%, down to RUR 5,696 mn.
06-May-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:||1037259|
|End of Announcement||EquityStory.RS, LLC News Service|
1037259 06-May-2020 CET/CEST