OGK-2 releases Accounting Statements for 1Q 2022, in accordance with Russian Accounting Standards (RAS).
|
Key Highlights of the Statement of Financial Results (mn RUR) |
3М 2021 |
3М 2022 |
Change (%) |
Change (∆) |
|
Revenue |
36,763 |
39,485 |
2,722 |
+7.4% |
|
Cost of sales |
(27,046) |
(29,185) |
(2,139) |
+7.9% |
|
Gross profit |
9,718 |
10,300 |
582 |
+6.0% |
|
Net profit |
7,322 |
7,172 |
(150) |
-2.0% |
|
EBITDA |
12,471 |
12,249 |
(222) |
-1.8% |
Company revenue totaled RUR 39 bln 485 mn, increasing by 7.4% year-on-year. The revenue increased on the account of increased demand for generating equipment at the wholesale market, growing electricity price and capacity supply under CSA-contracts.
Cost of sales increased to RUR 29 bln 185, up by 7.9%.
Gross profit totaled RUR 10 bln 300 mn (+6.0%). EBITDA decreased marginally by 2.0% year-on-year, down to RUR 12 bln 249 mn.
Net profit amounted to 7 bln 172 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).