PJSC Mosenergo (MSNG)
RELEASE
March 12, 2018 Moscow
Mosenergo2017FYIFRS ProfitGrew by 84.6% Mosenergo releases auditedconsolidated financial statements (prepared in accordance with IFRS) for the 12months ended December31, 2017.
(1) Excluding depreciation of PP&E (2) EBITDA = operating profit + depreciation of PP&E (3) Adjusted to net charge for impairment and other provisions
Companyrevenue in 2017FY grewby 2.8% year-on-year up to RUR 196,056mn.The main reason for the revenue growth was high performance of CCGT-units, commissioned under Capacity Supply Agreements (CSA). Variable costsdecreased by 3.4%year-on-year, down to RUR 121,963mn. Fixed costs(excluding depreciation of PP&E) in the reporting periodslightly increased by 1.5%, amounting to RUR 26,542mn. EBITDA for 2017amounted to RUR 44,327mn (+44.4% year-on-year). Mosenergo IFRS profit for 2017 increasedby 84.6%, up to RUR 24,802mn.
MOSENERGOPRDEPARTMENT
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ISIN: | RU0008958863, US0373763087 |
Category Code: | FR |
TIDM: | MSNG |
OAM Categories: | 1.1. Annual financial and audit reports |
Sequence No.: | 5289 |
End of Announcement | EQS News Service |
662983 12-March-2018