-2

OGK-2 RAS Net Profit for the 1H 2017 grew by 2.5x
27.07.2017

OGK-2 releases its operating results and Accounting Statements for the 1H 2017, prepared inaccordance with Russian Accounting Standards (RAS).

Key Highlights of the Statement of Financial Results (mn RUR)

6M 2016

6M 2017

Change (%)

Change (∆)

Revenue

59, 666

69 , 716

+16 . 8%

+10 , 050

Cost of sales

(53 , 445)

(57 , 548)

+7 . 7%

(4 , 103)

Gross profit

6 , 221

12 , 167

+95 . 6%

+5 , 946

Net profit

2 , 787

6 , 919

+148 . 3%

+4 , 132

EBITDA

7 , 764

15 , 530

+100 . 0%

+7 , 766

Company revenue for the 6 months of the 2017 totaled RUR 69 bln 716 mn, increasing by 16.8% year-on-year. The revenue dynamics were considerably influenced by growing revenue from capacity sales.At the same time cost of sales grew by 7.7% to RUR 57 bln 548 mn mostly on the account of increased fuel consumption, caused by growing load factor, and increased amortization, on the back of CSA-units commissioning.

EBITDA grew by 100.0% year-on-year, up to RUR 15 bln 530 mn.

Gross profit increased by 95.6% year-on-year up to RUR 12 bln 167 mn.

Net profit grew by 148.3% to 6 bln 919 mn.

Detailed information about OGK-2 performance for the 1H 2017 in accordance with RAS is available at the company’s website in the RAS Accounting Reports section.

For reference:

OGK-2 is a leading heat generator comprising 11 active power plants with total installed capacity of circa 19.0 GW. The Company includes: Adlerskaya TPS, Kirishskaya State District Power Plant, Krasnoyarskskaya State District Power Plant 2, Pskovskaya State District Power Plant, Novocherkasskskaya State District Power Plant, Ryazanskaya State District Power Plant, Serovskaya State District Power Plant, Stavropolskaya State District Power Plant, Surgutskaya State District Power Plant 1, Troitskskaya State District Power Plant, Cherepovetskaya State District Power Plant. The Companys controlling shareholder is ‘Gazprom Energoholding LLC (100% subsidiary of Gazprom JSC).

www.ogk2.ru

pressa@ogk2.ru



  • Peterburgskoe highway 66,
  • Buid. 1, litera A, St. Peterburg, 196140, Russia
  • Тел.: (812) 646-13-64
  • �-mail: office@ogk2.ru
  • Filatov Dmitry
  • E-mail: dfilatov@ogk2.ru
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