OGK-2 releases audited consolidated Financial Statements for the nine months, ended March 31, 2022, prepared in accordance with International Financial Reporting Standards (IFRS).
* 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.
OGK-2 is a thermal generator. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).