ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

OGK-2 RAS Net Profit for the 1H 2020 Increased by 9.3%
29.07.2020

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

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

1H 2019

1H 2020

Change (%)

Change (∆)

Revenue

69,136

60,169

-13.0%

-8,967

Cost of sales

(54,271)

(47,858)

-11.8%

-6,413

Gross profit

14,865

12,311

-17.2%

-2,554

Net profit

9,728

10,635

+9.3%

+907

EBITDA

18,846

20,264

+7.5%

+1,418

Company revenue totaled RUR 60 bln 169 mn, decreasing by 13.0% year-on-year.

Cost of sales decreased to RUR 47 bln 858 mn, down by 11.8%, resulting from the Company strategy towards lower output at inefficient equipment on the back of declining consumption in the energy system.

EBITDA increased by 7.5% year-on-year, up to RUR 20 bln 264 mn. Gross profit totaled RUR 12 bln 311mn (-17.2%). Net profit grew by 9.3% to 10 bln 635 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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