OGK-2 releases unaudited abbreviated interim consolidated Financial Statements for the nine months, ended September 30, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).
|
Highlights of the Consolidated Income Statement (mn RUR) |
9М 2019 |
9М 2020 |
Change (%) |
Change (∆) |
|
Revenue |
99,834 |
88,747 |
-11.1% |
-11,087 |
|
Operating Expenses |
82,075 |
72,103 |
-12.1% |
-9,972 |
|
Operating Profit |
17,531 |
16,040 |
-8.5% |
-1,491 |
|
EBITDA* |
27,698 |
26,225 |
-5.3% |
-1,473 |
|
Profit for the Period |
12,242 |
12,058 |
-1.5% |
-184 |
* EBITDA = Operating profit + Depreciation and Amortization.
The Group revenue totaled RUR 88,747 mn, down by 11.1% year-on-year, resulting, in large measure, from the company’s strategy towards lower electricity output by inefficient equipment on the back of lower consumption in the energy system.
Operating expenses totaled RUR 72,103 mn, reduced by 12.1% year-on-year, mostly, on the account of lower fuel purchases, on the back of output decrease.
Operating profit decreased by 8.5% year-on-year up to RUR 16,040 mn. EBITDA totaled RUR 26,225 mn (-5.3% year-on-year). Profit decreased by 1.5% year-on-year взцт to RUR 12,058 mn.
The detailed information about OGK-2 performance for 9M 2020
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).