EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim
Report/Statement
PJSC Mosenergo Releases 1H 2020 IFRS Results
07-Aug-2020 / 09:43 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 7, 2020
Moscow
Mosenergo Releases 1H 2020 IFRS Results
Mosenergo releases unaudited consolidated interim abbreviated financial
statements (prepared in accordance with IFRS) for the 6 months ended June
30, 2020.
Consolidated Statement of Comprehensive 6M 2019 6M 2020 Change
Income Key Figures, (mn RUR)
Revenue 103,855 92,952 -10.5%
Operating Costs (89,686) (84,801) -5.4%
EBITDA(1) 23,033 18,155 -21.2%
Depreciation and Amortization (8,99 4) (11,376) +26.5%
Operating Profit 14,039 6,779 -51.7%
Profit for the Period 12,730 6,592 -48.2%
(1) Calculated as "Operating Profit + Depreciation and Amortization"
PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 1H 2020
decreased by 10.5% year-on-year, down to RUR 92,952 mn. The reason for the
decline was lower revenue from electricity and heat sales (-21.7% and -4.0%,
correspondingly), resulting from warmer weather in 1q 2020, decreased
electricity consumption on the back of COVID-19 and increased electricity
output at nuclear stations in the Central energy system and hydro stations.
Operating costs for 6M 2020 decreased year-on-year by 5.4% down to RUR
84,801 mn.
EBITDA amounted to RUR 18,155 mn (-21.2% year-on-year).
Mosenergo Group IFRS profit for 1H 2020 decreased by 48.2%, down to RUR
6,592 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]
07-Aug-2020 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: 1112621
End of Announcement EquityStory.RS, LLC News Service
1112621 07-Aug-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d954348232c8135319c9a1535d529470&application_id=1112621&site_id=vwd&application_name=news
(END) Dow Jones Newswires
August 07, 2020 03:43 ET (07:43 GMT)
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