EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report
RELEASE
May6, 2020 Moscow
Mosenergo Releases1Q 2020IFRS Results
Mosenergo releasesunauditedconsolidated interim abbreviatedfinancial statements (prepared in accordance with IFRS) for the 3months ended March 31, 2020.
(1) Without Depreciation and Amortization (2) Calculated as "Operating Profit + Depreciation and Amortization"
OJSC "Mosenergo" and subsidiariesrevenue for 1Q 2020decreasedby 10.9% year-on-year,down to RUR 59,799mn. The reason for the decline was lower revenue from electricity and heat sales (-14.7% and -11.2%, correspondingly), resulting from decreased operating performance and warmer weather in 2020heating season. Operating costs for 3M 2020 decreased year-on-year by 5.4%down to RUR 51,474mn. EBITDAamounted to RUR 12,961 mn (-23.5% year-on-year). Mosenergo Group IFRS profit for 1Q 2020 decreasedby 46.6%, downto RUR 5,696 mn.
MOSENERGOPRDEPARTMENT
06-May-2020 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | PJSC Mosenergo |
Vernadskogo prospect, 101 bld. 3 | |
119526 Moscow | |
Russia | |
Phone: | +7 495 957 1 957 |
Fax: | +7 495 957 32 00 |
E-mail: | mosenergo@mosenergo.ru |
Internet: | www.mosenergo.ru |
ISIN: | US0373763087, RU0008958863 |
WKN: | 899416 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow |
EQS News ID: | 1037259 |
End of Announcement | EquityStory.RS, LLC News Service |
1037259 06-May-2020 CET/CEST