OGK-2 releases unaudited abbreviated interim consolidated Financial Statements for the six months, ended June 30, 2021, prepared in accordance with International Financial Reporting Standards (IFRS).
|
Highlights of the Consolidated Income Statement (mn RUR) |
6М 2020 |
6М 2021 |
Change (∆) |
Change (%) |
|---|---|---|---|---|
|
Revenue |
60,328 |
66,488 |
+6,160 |
+10.2% |
|
Operating Expenses |
(46,358) |
(51,619) |
(+5,261) |
+11.3% |
|
Operating Profit |
13,731 |
15,340 |
+1,609 |
+11.7% |
|
EBITDA* |
20,519 |
22,294 |
+1,775 |
+8.6% |
|
Profit for the Period |
10,293 |
11,320 |
+1,027 |
+10.0% |
* EBITDA = Operating profit (Revenue – Operating Expenses – Impairment (Loss) / Reversal on Financial Assets) + Depreciation and Amortization + Loss from Impairment (Reserve Accrual) for Non-financial Assets – Income from Impairment Loss Reversal (Reserve) for Non-financial Assets
The Group revenue totaled RUR 66,488 mn, up by 10.2% year-on-year, resulting, mostly, from growing prices of electricity and capacity, sold at the wholesale market, concerning, among other, capacity, commissioned under CSA-program.
Operating expenses totaled RUR 51,619 mn, increased by 11.3% year-on-year.
Operating profit increased by 11.7% year-on-year up to RUR 15,340 mn. EBITDA totaled RUR 22,294 mn (+8.6% year-on-year). Profit for the period increased by 10.0% year-on-year to RUR 11,320 mn.
The detailed information about OGK-2 performance for 6M 2021
in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.
For reference:
OGK-2 is a thermal generator. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).