ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

OGK-2 Group Profit for 1H 20120 grew by 6.7%
09.08.2020

OGK-2 releases unaudited abbreviated interim consolidated Financial Statements for the six months, ended June 30, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).

Highlights of the Consolidated Income Statement (mn RUR)

6М 2019

6М 2020

Change (%)

Change (∆)

Revenue

69,303

60,328

-13.0%

-8,975

Operating Expenses

(55,534)

(46,358)

-16.5%

-9,176

Operating Profit

13,600

13,731

+1.0%

+131

EBITDA*

20,252

20,522

+1.3%

+270

Profit for the Period

9,649

10,293

+6.7%

+644

* EBITDA = Operating profit + Depreciation and Amortization.

The Group revenue totaled RUR 60,328 mn, down by 13.0% year-on-year, resulting, in large measure, from the company’s strategy towards lower electricity output by inefficient equipment on the back of lower consumption in the energy system.

Operating expenses totaled RUR 46,358 mn, reduced by 16.5% year-on-year, mostly, on the account of lower fuel purchases.

Operating profit increased by 1.0% year-on-year up to RUR 13,731 mn. EBITDA remained flat and totaled RUR 20,522 mn. Profit grew by 6.7% year-on-year up to RUR 10,293 mn.

The detailed information about OGK-2 performance for 6M 2020
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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