PJSC Mosenergo (MSNG)
Mosenergo 2017FY IFRS Profit Grew by 84.6%

12-March-2018 / 15:22 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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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.

 

Consolidated Statement of Comprehensive Income

Key Figures, (mn RUR)

2016

2017

Revenue

190,656

196,056

Variable Costs

(126,240)

(121,963)

FixedCosts (1)

(26,160)

(26,542)

EBITDA(2)

30,703

44,327

EBITDA, adj.(3)

38,256

47,551

Depreciation of Property, Plant and Equipment

(15,067)

(15,117)

OperatingProfit

15,636

29,210

Profit for the Period

13,438

24,802

(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

Tel.:

Fax:

?-mail:

Website:

(495) 957-1-957, ext. 2282, 2290

 (495) 957-37-99

press-centre@mosenergo.ru

http://www.mosenergo.ru

 

 



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 

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