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PJSC Mosenergo (AOMD)
PJSC Mosenergo 9M 2018 IFRS Revenue Grew by 0.5%
12-Nov-2018 / 13:38 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
*******
November 12, 2018
Moscow
Mosenergo 9M 2018 IFRS Revenue Grew by 0.5%
Mosenergo releases unaudited consolidated interim financial statements
(prepared in accordance with IFRS) for the 9 months ended September 30,
2018.
Consolidated Statement of Comprehensive Income 9M 2017 9M 2018
Key Figures, (mn RUR)
Revenue 135,345 135,988
Variable Costs (84,141) (86,296)
Marginal profit 15,139 16,341
Fixed Costs (1) (19,088) (20,241)
EBITDA, adj. (2) 32,116 29,451
Depreciation of Property, Plant and Equipment (11,238) (11,142)
Operating Profit 19,478 17,019
Profit for the Period 16,820 14,045
(1) Excluding depreciation of PP&E
(2) Adjusted to net charge for impairment and other provisions
Mosenergo revenue in 9M 2018 grew by 0.5% year-on-year up to RUR 135,988 mn.
Revenue from electricity and heat sales in 9M 2018 increased by 3.4%
year-on-year up to RUR 102,637 mn. The reason for the growth was increased
heat output on the back of lower air temperature in 1Q 2018, as well as
growing weighted average electricity price.
Variable costs increased by 2.6% year-on-year, up to RUR 86,296 mn, on the
account of growing fuel expenses, resulting from heat output growth.
Mosenergo marginal profit in 9M 2018 amounted to RUR 16,341 mn, up by 7.9%.
Revenue from capacity sales decreased by 7.4%, down to RUR 31,623 mn, dew to
CSAs expiry for two units.
Fixed costs (excluding depreciation of PP&E) in the reporting period
increased by 6.0%, amounting to RUR 20,241 mn, on the account of growing
repair and maintenance costs for CCGT units under service contracts.
EBITDA, adjusted to net charge for impairment and other provisions, for 9M
2018 amounted to RUR 29,451 mn (-8.3% year-on-year).
Mosenergo IFRS profit for 9M 2018 decreased by 16.5%, down to RUR 14,045 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: US0373763087, RU0008958863
Category Code: QRT
TIDM: AOMD
Sequence No.: 6492
EQS News ID: 744393
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d954348232c8135319c9a1535d529470&application_id=744393&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 12, 2018 07:38 ET (12:38 GMT)
