EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report/9 Month figures
November 6, 2020
Mosenergo Releases 9m 2020 IFRS Results
Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2020.
(1) Calculated as "Operating Profit + Depreciation and Amortization"
PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 9M 2020 decreased by 8.4% year-on-year, down to RUR 122,108 mn. The reason for the decrease was lower revenue from electricity and heat sales (-16.2% and -4.5%, correspondingly). The operating performance decline resulted from unusually warm weather in 1q 2020 and decreased electricity consumption on the back of COVID-19 impact.
Operating costs for 9M 2020 decreased year-on-year by 3.4% down to RUR 116,803 mn.
EBITDA amounted to RUR 21,264 mn (-18.9% year-on-year).
Mosenergo Group IFRS profit for 9M 2020 decreased by 57.7%, down to RUR 5,344 mn.
MOSENERGO PR DEPARTMENT
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|Vernadskogo prospect, 101 bld. 3|
|Phone:||+7 495 957 1 957|
|Fax:||+7 495 957 32 00|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow|
|EQS News ID:||1146210|
|End of Announcement||EquityStory.RS, LLC News Service|
1146210 06-Nov-2020 CET/CEST