ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

OGK-2 RAS Net Profit for the 2019 grew by 6.3%
20.02.2020

OGK-2 releases its Accounting Statements for the 12M 2019, in accordance with Russian Accounting Standards (RAS).

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

2018

2019

Change (%)

Change (∆)

Revenue

140,870

134,247

-4.7%

-6,623

Cost of sales

(117,098)

(109,123)

-6.8%

-7,975

Gross profit

23,772

25,124

+5.7%

+1,352

Net profit

11,148

11,852

+6.3%

+704

EBITDA

27,606

28,944

+4.8%

+1,338

Company revenue totaled RUR 134 bln 247 mn, decreasing by 4.7% year-on-year,  сost of sales decreased to RUR 109 bln 123 mn, down by 6.8%. The dynamics were considerably influenced by operating activity optimization.

EBITDA increased by 4.8% year-on-year, up to RUR 28 bln 944 mn. Gross profit totaled RUR 25 bln 124 mn (+5.7%). Net profit grew by 6.3% to 11 bln 852 mn. However net profit for 4Q 2019 decreased on the account of provision for devaluation of financial investments, on the back of corporate measures, concerning OGK-Investproject.

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

For reference:

OGK-2 is a heat generating company. The Company’s 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
  • (812) 646-13-64
  • mail: office@ogk2.ru
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