OGK-2 releases unaudited abbreviated interim consolidated Financial Statements for the three months, ended March 31, 2021, prepared in accordance with International Financial Reporting Standards (IFRS).
|
Highlights of the Consolidated Income Statement (mn RUR) |
3М 2020 |
3М 2021 |
Change (%) |
Change (∆) |
|
Revenue |
34,350 |
36,861 |
+7.3% |
+2,511 |
|
Operating Expenses |
(23,836) |
(27,520) |
+15.5% |
-3,684 |
|
Operating Profit |
10,588 |
9,474 |
-10.5% |
-1,114 |
|
EBITDA* |
13,976 |
12,997 |
-7.0% |
-979 |
|
Profit for the Period |
7,937 |
7,143 |
-10.0% |
-794 |
* EBITDA = Operating profit + Depreciation and Amortization.
The Group revenue totaled RUR 36,861 mn, up by 7.3% 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 27,520 mn, increased by 15.5% year-on-year.
Operating profit decreased by 10.5% year-on-year down to RUR 9,474 mn, resulting mostly from disposal of Krasnoyarskaya GRES-2. EBITDA totaled RUR 12,997 mn (-7.0% year-on-year). Profit for the period decreased by 10.0% year-on-year to RUR 7,143 mn.
The detailed information about OGK-2 performance for 3M 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).