EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Quarterly /
Interim Statement
PJSC Mosenergo Releases IFRS Financial Results for 1H 2019
12-Aug-2019 / 15:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EquityStory.RS, LLC - a company of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
/
*RELEASE*
August 12, 2019
Moscow
*Mosenergo Releases IFRS Financial Results for 1H 2019*
Mosenergo releases interim abbreviated unaudited consolidated financial
statements (prepared in accordance with IFRS) for the 6 months ended June
30, 2019.
Consolidated Statement of Comprehensive Income 6M 2018 6M 2019
Key Figures, (mn RUR)
Revenue 107,668 103,855
Operating Costs (88,491) (89,686)
*Marginal profit(1)* *15,151* *17,247*
Operating Profit 18,552 14,039
*EBITDA, adj. (2)* *26,797* *22,094*
*Profit for the Period* *15,232* *12,730*
(1) Calculated as "Revenue from electricity sales + Revenue from heat sales
- Variable costs"
(2) Adjusted to net charge for impairment and other provisions
Mosenergo revenue for 6M 2019 decreased by 3.5% year-on-year down to RUR
103,855 mn. The reason for the decline was revenue from capacity sales
decrease (-32.6%), on the back of capacity supply agreements expiry for
three CSA units, as well as decreased revenue from heat sales (-5.8%) on the
account of lower output for warmer weather in the report period.
Operating costs for 1H 2019 amounted to RUR 89,686 mn, thus growing
marginally by 1.4%, mainly on the account of fuel costs increase by 2.1%.
EBITDA, adjusted to net charge for impairment and other provisions, for the
report period decreased by 17.6%, down to RUR 22,094 mn).
Mosenergo marginal profit in 1H 2019 amounted to RUR 17,247 mn, up by 13.8%,
resulting from increased electricity output (+6.8%) and weighted average
electricity price growth by 10.1%.
Mosenergo IFRS profit for 1H 2019 decreased by 16.4%, down to RUR 12,730 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]
12-Aug-2019 CET/CEST The EquityStory.RS, LLC Distribution Services include
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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: 855941
End of Announcement EquityStory.RS, LLC News Service
855941 12-Aug-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=60e2d5fbaac76f33242643f88872528a&application_id=855941&site_id=vwd&application_name=news
(END) Dow Jones Newswires
August 12, 2019 09:56 ET (13:56 GMT)
