MRSK Urala : 1Q 2017 RAS results

28 April 2017

1Q 2017 revenues totaled RUB 18,682.3 million (+RUB 2,081.3 million or 12.5%YoY), the increase being impacted by revenues from electricity transmission.
1Q 2017 expenses (plus administrative costs) amounted to RUB 16,873.4 million (+ RUB 981.2 million or 6.2% YoY), the rise being affected by expenses on loss compensations due to grown average non-regulated price as well increased payments to FSK and other grid operators.
Pre-tax profit totaled RUB 1,206.6 million (+ RUB 284.1 million YoY).
1Q 2017 net income of the Company reached RUB 939.7 million (+ RUB 204.3 million YoY), the rise influenced by increased revenues from electricity transmission.
Table 1. 1Q 2016 and 2017 highlights of the Company, RUB thousand.

Item	1Q 2017	1Q 2016
Total revenues	18,682,341	16,601,069
Total expenses (plus administrative costs)	16,873,373	15,892,135
Sales profit	1,808,968	708,934
Operating margin	9.7%	4.3%
Pre-tax profit	1,206,557	922,423
Net income	939,678	735,404
Net margin	5.0%	4.4%

To view 1Q 2017 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site (Financial Statements section).

2016 IFRS results

2016 RAS results

Resolutions of the Board meeting conducted on Dec. 29, 2016

9M 2016 RAS results

Resolutions of the Board meeting conducted on Sep. 28, 2016