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OJSC OGK-2 Increased its 2014FY RAS Net Profit by 28%
24.02.2015


OJSC OGK-2 releases its Accounting Statements for 2014FY, prepared inaccordance with Russian Accounting Standards (RAS).

The Company’s revenue for 2014FY totaled RUR 116 bln 004 mn, growing by 4.0% year-on-year. Cost of sales for the 2014FY totaled RUR 103 bln 518 mn growing by 3.8% year-on-year.

As a result, the gross profit for 2014FY increased by 5.0% year-on-year and totaled RUR 12 bln 487 mn. EBITDA grew by 9.2% year-on-year, amounting to RUR 11 bln 820 mn.

OJSC OGK-2 net profit for 2014FY totaled RUR 5 bln 737 mn, increasing by 28.0% year-on-year.

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

2014FY

2013FY

Change (%)

Change (∆)

Revenue

116,004

111,589

+4.0%

+4,415

Cost of sales

(103,518)

(99,696)

+3.8%

+3,822

Gross profit

12,487

11,893

+5.0%

+594

EBITDA

11,820

10,829

+9.2%

+991

Net profit

5,737

4,483

+28.0%

+1,254

OGK-2 CEO Denis Bashuk commented: “The net profit figure caused by the power units, commissioned under CSA; load optimization activities and higher day-ahead” prices.

Detailed information about OJSC OGK-2 performance for 2014FY in accordance with RAS is available at the companys website in the RAS Accounting Reports section.

For reference:

OGK-2 is a leading heat generator comprising 11 branches - power plants with total installed capacity of 18 GW, providing about 8% of Russias electricity output. The Company includes: Adlerskaya TPS, Kirishskaya State District Power Plant, Krasnoyarskskaya State District Power Plant 2, Pskovskaya State District Power Plant, Novocherkasskskaya State District Power Plant, Ryazanskaya State District Power Plant, Serovskaya State District Power Plant, Stavropolskaya State District Power Plant, Surgutskaya State District Power Plant 1, Troitskskaya State District Power Plant, Cherepovetskaya State District Power Plant.

The Companys controlling shareholder is ‘Gazprom Energoholding LLC (100% subsidiary of Gazprom OJSC).
  • Peterburgskoe highway 66,
  • Buid. 1, litera A, St. Peterburg, 196140, Russia
  • (812) 646-13-64
  • mail: office@ogk2.ru
  • Alevtina Tolstykh
  • E-mail: tolai@ogk2.ru
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