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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.
The issuer is solely responsible for the content of this announcement.
RELEASE
*******
March 12, 2018
Moscow
Mosenergo 2017FY IFRS Profit Grew by 84.6%
Mosenergo releases audited consolidated financial statements (prepared in
accordance with IFRS) for the 12 months ended December 31, 2017.
Consolidated Statement of Comprehensive 2016 2017
Income
Key Figures, (mn RUR)
Revenue 190,656 196,056
Variable Costs (126,240) (121,963)
Fixed Costs (1) (26,160) (26,542)
EBITDA (2) 30,703 44,327
EBITDA, adj. (3) 38,256 47,551
Depreciation of Property, Plant and (15,067) (15,117)
Equipment
Operating Profit 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
Company revenue in 2017FY grew by 2.8% year-on-year up to RUR 196,056 mn.
The main reason for the revenue growth was high performance of CCGT-units,
commissioned under Capacity Supply Agreements (CSA).
Variable costs decreased by 3.4% year-on-year, down to RUR 121,963 mn.
Fixed costs (excluding depreciation of PP&E) in the reporting period
slightly increased by 1.5%, amounting to RUR 26,542 mn.
EBITDA for 2017 amounted to RUR 44,327 mn (+44.4% year-on-year).
Mosenergo IFRS profit for 2017 increased by 84.6%, up to RUR 24,802 mn.
MOSENERGO PR DEPARTMENT
Tel.: (495) 957-1-957, ext. 2282, 2290
Fax: (495) 957-37-99
?-mail: press-centre@mosenergo.ru
Website: http://www.mosenergo.ru [1]
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
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d954348232c8135319c9a1535d529470&application_id=662983&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 12, 2018 10:23 ET (14:23 GMT)
