OGK-2 releases Accounting Statements for the 9M 2021, in accordance with Russian Accounting Standards (RAS).
Key Highlights of the Statement of Financial Results (mn RUR) |
9M 2020 |
9M 2021 |
Change (%) |
Change (∆) |
Revenue |
88,466 |
104,183 |
+15,717 |
+17.8% |
Cost of sales |
(73,249) |
(82,913) |
+9,664 |
+13.2% |
Gross profit |
15,218 |
21,271 |
+6,053 |
+39.8% |
Net profit |
11,697 |
16,353 |
+4,656 |
+39.8% |
EBITDA |
25,090 |
31,022 |
+5,932 |
+23.6% |
Company revenue totaled RUR 104 bln 183 mn, increasing by 17.8% year-on-year. The revenue increased on the account of growing electricity price and capacity supply under CSA-contracts.
Cost of sales increased to RUR 82 bln 070 913, up by 13.2%.
Gross profit totaled RUR 21 bln 271 mn (+39.8%). EBITDA increased by 23.6% year-on-year, up to RUR 31 bln 022 mn.
Net profit increased by 39.8% to 16 bln 353 mn.
Detailed information about OGK-2 performance in accordance with RAS is available at the company’s website in the RAS Accounting Reports section.
For reference:
OGK-2 is a heat generating company. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).