OGK-2 releases Accounting Statements for the 1Q 2021, in accordance with Russian Accounting Standards (RAS).
|
Key Highlights of the Statement of Financial Results (mn RUR) |
1Q 2020 |
1Q 2021 |
Change (%) |
Change (∆) |
|
Revenue |
34,270 |
36,763 |
+7.3% |
+2,493 |
|
Cost of sales |
26,284 |
27,046 |
+2.9% |
+762 |
|
Gross profit |
7,986 |
9,718 |
+21.7% |
+1,732 |
|
Net profit |
8,287 |
7,322 |
-11.6% |
-965 |
|
EBITDA |
13,992 |
12,471 |
-10.9% |
-1,521 |
Company revenue totaled RUR 36 bln 763 mn, increasing by 7.3% year-on-year.
Cost of sales increased to RUR 27 bln 046 mn, down by 2.9.
Gross profit totaled RUR 9 bln 718mn (+21.7%). EBITDA decreased by 10.9% year-on-year, down to RUR 12 bln 471 mn.
Net profit decreased by 11.6% to 7 bln 322 mn, resulting among other things, from 1Q 2020 net profit including proceeds from partial property sales at Krasnoyarskaya GRES-2.
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).