OGK-2 releases Accounting Statements for 9M 2020, prepared in accordance with Russian Accounting Standards (RAS).
|
Key Highlights of the Statement of Financial Results (mn RUR) |
9M 2019 |
9M 2020 |
Change (%) |
Change (∆) |
|
Revenue |
99,594 |
88,466 |
-11.2% |
-11,128 |
|
Cost of sales |
80,177 |
73,249 |
-8.6% |
-6,928 |
|
Gross profit |
19,416 |
15,218 |
-21.6% |
-4,198 |
|
Net profit |
12,300 |
11,697 |
-4.9% |
-603 |
|
EBITDA |
25,377 |
25,063 |
-1.2% |
-314 |
Company revenue totaled RUR 88 bln 466 mn, decreasing by 11.2% year-on-year.
Cost of sales was reduced to RUR 73 bln 249 mn, down by 8.6% on the account of strategy, aimed at production decrease at inefficient equipment in the face of lower consumption.
EBITDA decreased by 1.2% year-on-year, down to RUR 25 bln 063 mn. Gross profit totaled RUR 15 bln 218 mn (-21.6%). Net profit was lower by 4.9%, amounting to 11 bln 697 mn.
Detailed information about OGK-2 performance for the 9M 2020 in accordance with RAS is available at the company’s website in the RAS Accounting Reports section.
For reference:
OGK-2 is a heat generator The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).