MOSENERGO Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2020.
Consolidated Statement of Comprehensive Income Key Figures, (mn RUR) | 6M 2019 | 6M 2020 | Change |
Revenue | 103,855 | 92,952 | -10.5% |
Operating Costs | (89,686) | (84,801) | -5.4% |
EBITDA(1) | 23,033 | 18,155 | -21.2% |
Depreciation and Amortization | (8,994) | (11,376) | +26.5% |
Operating Profit | 14,039 | 6,779 | -51.7% |
Profit for the Period | 12,730 | 6,592 | -48.2% |
(1)Calculated as 'Operating Profit + Depreciation and Amortization'
PJSC 'Mosenergo' and subsidiaries (Mosenergo Group) revenue for 1H 2020 decreased by 10.5% year-on-year, down to RUR 92,952 mn. The reason for the decline was lower revenue from electricity and heat sales (-21.7% and -4.0%, correspondingly), resulting from warmer weather in 1q 2020, decreased electricity consumption on the back of COVID-19 and increased electricity output at nuclear stations in the Central energy system and hydro stations.Operating costs for 6M 2020 decreased year-on-year by 5.4% down to RUR 84,801 mn.
EBITDA amounted to RUR 18,155 mn (-21.2% year-on-year).
Mosenergo Group IFRS profit for 1H 2020 decreased by 48.2%, down to RUR 6,592 mn.
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OAO Mosenergo published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 07:13:10 UTC
