ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

OGK-2 RAS Revenue for the 1Q 2020 Decreased by 8.5%
29.04.2020

OGK-2 releases its Accounting Statements for the 1Q 2020, in accordance with Russian Accounting Standards (RAS).

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

1Q 2019

1Q 2020

Change (%)

Change (∆)

Revenue

37,441

34,270

-8.5%

-3,171

Cost of sales

28,488

26,284

-7.7%

-2,204

Gross profit

8,952

7,986

-10.8%

-966

Net profit

6,533

8,287

+26.8%

+1,754

EBITDA

11,465

13,992

+22.0%

+2,527

Company revenue totaled RUR 34 bln 270 mn, decreasing by 8.5% year-on-year, сost of sales decreased to RUR 26 bln 284 mn, down by 7.7%. The dynamics were considerably influenced by operating activity optimization.

EBITDA increased by 22.0% year-on-year, up to RUR 13 bln 992 mn. Gross profit totaled RUR 7 bln 986 mn -10.8%). Net profit grew by 26.8% to 8 bln 287 mn. The net profit growth was determined, among other factors, by proceeds from partial sale of Krasnoyarskaya GRES-2 property, amounting to RUR 4 bln 313 mn.

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).

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