OGK-2 releases audited consolidated Financial Statements for the nine months, ended March 31, 2022, prepared in accordance with International Financial Reporting Standards (IFRS).
|
Highlights of the Consolidated Income Statement (mn RUR) |
3M 2021 |
3M 2022 |
Change (%) |
Change (∆) |
|
Revenue |
36,861 |
39,589 |
+7.4% |
+2,728 |
|
Operating Expenses |
(27,520) |
(30,658) |
+11.4% |
(3,138) |
|
Operating Profit |
9,474 |
9,496 |
+0.2% |
+22 |
|
EBITDA* |
12,997 |
12,665 |
-2.6% |
(332) |
|
Profit for the Period |
7,143 |
7,224 |
+1.1% |
+81 |
* 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 39,589 mn, up by 7.4% year-on-year, resulting from growing prices of electricity and capacity at the wholesale market. Operating expenses totaled RUR 30,658 mn, increasing by 11.4% year-on-year. The increase was due to growing fuel expenses on the back of growing electricity output.
Operating profit amounted to RUR 9,496 mn. EBITDA parameter decreased marginally to RUR 12,665 mn (-2.6% year-on-year). Profit for the period increased by 1.1% year-on-year to RUR 7,224 mn.
The detailed information about OGK-2 performance for 3M 2022 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).