Mosenergo : IFRS Profit for 1Q 2021 Increased by 65.7%

May 18, 2021 14:12

Consolidated Statement of Comprehensive Income, Key Figures, (mn RUR)	3M 2020	3M 2021	Change
Revenue	59,799	78,032	+30.5%
Operating Costs	(51,474)	(65,637)	+27.5%
EBITDA(1)	12,961	17,632	+36.0%
Depreciation and Amortization	(5,653)	(6,134)	+8.5%
Operating Profit	7,308	11,498	+57.3%
Profit for the Period	5,696	9,440	+65.7%

⁽¹⁾Calculated as 'Operating Profit + Depreciation and Amortization'.

PJSC 'Mosenergo' and subsidiaries (Mosenergo Group) revenue for 1Q 2021 increased by 30.5% year-on-year, up to RUR 78,032 mn. The reason for the increase was positive operational performance dynamics, on the back of growing electricity consumption and lower air temperature in the reporting period.

Operating costs for 1Q 2021 grew by 27.5% up to RUR 65,637 mn, resulting from growing electricity and heat output.

EBITDA amounted to RUR 17,632 mn (+36.0% year-on-year).

Mosenergo Group IFRS profit for 1Q 2021 increased by 65.7%, up to RUR 9,440 mn.