ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

OGK-2 Group Profit for 2019FY grew by 45%
06.03.2020

OGK-2 releases audited consolidated Financial Statements for the nine months, ended December 31, 2019, prepared in accordance with International Financial Reporting Standards (IFRS). 

Highlights of the Consolidated Income Statement (mn RUR)

2018

2019

Change (%)

Change (∆)

Revenue

143,227

134,579

-6.0%

-8,648

Operating Expenses

127,388

116,285

-8.7%

-11,103

Operating Profit

14,083

17,838

+26.7%

+3,755

EBITDA*

27,053

31,203

+15.3%

+4,150

Profit for the Period

8,305

12,025

+44.8%

+3,720

* EBITDA = Operating profit + Depreciation and Amortization.

The Group revenue totaled RUR 134,579 mn, down by 6% year-on-year, resulting, in large measure, from operational optimization.

Operating expenses totaled RUR 116,285 mn, reduced by 8.7% year-on-year, mostly, on the account of lower fuel purchases on the back of decreased electricity output.

Operating profit increased by 26.7% year-on-year up to RUR 17,838 mn. EBITDA totaled RUR 31,203 mn(+15.3%). Profit grew by 44.8% year-on-year up to RUR 12,025 mn.

The detailed information about OGK-2 performance for 2019FY
in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.

For reference:

OGK-2 is a thermal generator. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).

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