EQS-Adhoc: PJSC Mosenergo: Mosenergo Releases IFRS Financial Results for 1H 2019

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.:    [phone], ext. 2282, 2290 
Fax:     [phone] 
?-mail:  [e-mail] 
Website: http://www.mosenergo.ru [1] 
 
12-Aug-2019 CET/CEST The EquityStory.RS, LLC Distribution Services include 
Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     PJSC Mosenergo 
             Vernadskogo prospect, 101 bld. 3 
             119526 Moscow 
             Russia 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
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)