* Reports are available for the following sales subsidiaries with the status of supplier of last resort: PJSC Moscow Power Supply Company (Mosenergosbyt), JSC Petersburg power supply company (PESC), PJSC Saratovenergo, JSC Altayenergosbyt (Altai power supply company), PJSC Tomskenergosbyt (Tomsk ESC), PJSC Tambov power supply company (Tambov ESC), and PSCB LLC (Power Supply Company of Bashkortostan).
The following key factors determined changes in operating and financial results of guaranteeing suppliers within Inter RAO Group:
- Increase in the number of customers;
- Higher average costs ensuing from tariff indexation by the decision of regulating authorities;
- Higher grid operator rates;
- Higher average cost of purchased capacity;
- Decrease in the volume of supplied electricity as a result of higher average air temperatures in the regions where sales subsidiaries are located.
Operating and financial results of guaranteeing suppliers:
Indicator | «Mosenergosbyt» | PESC | «Saratovenergo» | «Altayenergosbyt» | «Tomskenergosbyt» | Tambov power supply company | Bashkortostan Power Sales Company | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Q1 2019 | Change YoY | Q1 2019 | Change YoY | Q1 2019 | Change YoY | Q1 2019 | Change YoY | Q1 2019 | Change YoY | Q1 2019 | Change YoY | Q1 2019 | Change YoY | |
Revenue | 100,4 | 6,5% | 42,8 | 13,5% | 6,1 | 0,8% | 4,2 | 4,0% | 4,0 | (1,6%) | 1,8 | 9,2% | 12,2 | 8,3% |
Operating expenses | 98,4 | 5,8% | 42,3 | 14,4% | 6,0 | 0,5% | 4,1 | 4,6% | 3,9 | 3,4% | 1,8 | 5,5% | 11,6 | 6,9% |
Sales profit | 2,0 | 55,2% | 0,5 | (29,5%) | 0,1 | 18,5% | 0,1 | (13,1%) | 0,1 | (65,8%) | 0,05 | - | 0,6 | 44,4% |
Net profit | 1,5 | 93,8% | 0,5 | 1,6% | 0,003 | (20,3%) | 0,1 | 4,4 times | 0,03 | 114,5 times | 0,001 | - | 0,4 | 2,0 times |
Volume of electricity sold, billion kWh | 24,7 | (0,5%) | 10,4 | 0,5% | 1,6 | (7,5%) | 1,2 | (2,7%) | 1,3 | (0,7%) | 0,4 | (1,2%) | 4,0 | (1,6%) |
* Billion rubles unless indicated otherwise
For more details on RAS operating results of the sales subsidiaries of Inter RAO Group that are guaranteeing suppliers in the first quarter of 2019, please visit their official websites:
«Mosenergosbyt» | Petersburg power supply company | «Saratovenergo» | «Altayenergosbyt» | «Tomskenergosbyt» | Tambov power supply company | Bashkortostan Power Sales Company |
---|---|---|---|---|---|---|
Press release | Press release | Press release | Press release | Press release | Press release | Press release |
Statements for Q1 2019 | Statements for Q1 2019 | Statements for Q1 2019 | Statements for Q1 2019 | Statements for Q1 2019 | Statements for Q1 2019 | Statements for Q1 2019 |
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OAO INTER RAO UES published this content on 25 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2019 06:52:11 UTC