PJSC Magadanenergo Reports Earnings Results for the Six Months of 2016
July 27, 2016 at 11:51 am EDT
PJSC Magadanenergo reported earnings results for the six months of 2016. For the period, the company reported net loss of the company for first half of 2016 decreased by 11.09% to RUB 1.035 billion from RUB 1.164 billion for the same period in 2016. Revenue increased by 22.54% to RUB 3.86 billion from RUB 3.15 billion, sales loss decreased by 23.61% to RUB 1.251 billion from RUB 1.638 billion, loss before tax by 11.92% to RUB 1.228 billion from RUB 1.394 billion. IFRS net loss of PJSC Magadanenergo for 2015 grew by 76.36% to RUB 1.425 billion from RUB 808 million the year before. Revenue increased by 3.95% to RUB 11.054 billion from RUB 10.634 billion, loss from operations by 65.55% to RUB 1.086 billion from RUB 656 million, loss before tax by 72.91% to RUB 1.43 billion from RUB 827 million.