OGK-2 releases unaudited abbreviated interim consolidated Financial Statements for the nine months, ended September 30, 2021, prepared in accordance with International Financial Reporting Standards (IFRS).
|
Highlights of the Consolidated Income Statement (mn RUR) |
9М 2020 |
9М 2021 |
Change (%) |
Change (∆) |
|
Revenue |
88,747 |
104,484 |
+17.7% |
+15,737 |
|
Operating Expenses |
(72,103) |
(85,637) |
+18.8% |
-13,534 |
|
Operating Profit |
16,040 |
19,233 |
+19.9% |
+3,193 |
|
EBITDA* |
26,222 |
29,610 |
+12.9% |
+3,388 |
|
Profit for the Period |
12,058 |
14,406 |
+19.5% |
+2,348 |
* 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 104,484 mn, up by 17.7% 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 85,637 mn, increased by 18.8% year-on-year.
Operating profit increased by 19.9% year-on-year up to RUR 19,233 mn. EBITDA totaled RUR 29,610 mn (+12.9% year-on-year). Profit for the period increased by 19.5% year-on-year to RUR 14,406 mn.
The detailed information about OGK-2 performance for 9M 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).