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OGK-2 RAS Revenue for 9M 2015 Totaled 80.8 bln RUR
30.10.2015

OGK-2 releases its operating results and Accounting Statements for 9 months of 2015, prepared in accordance with Russian Accounting Standards (RAS).

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

9M2015

9M2014

Change(%)

Change(∆)

Revenue

80,820

83,313

-3.0%

-2,493

Cost of sales

(75,189)

(73,437)

+2.4%

+1,752

Gross profit

5,631

9,875

-43.0%

-4,244

Profit from sales

4,037

8,594

-53.0%

-4,557

Net profit

2,292

5,491

-58.3%

-3,199


The Company’s revenue for the 9 months of the 2015 totaled RUR 80 bln 820 mn, decreasing by 3.0% year-on-year. The decrease was due to reduced production at unprofitable equipment.

Cost of sales for the 9 months of the 2015 grew by 2.4% year-on-year and totaled RUR 75 bln 189 mn, among other things, on the account of growing fuel prices.

As a result, the gross profit decreased by 43.0% year-on-year down to RUR 5 bln 631 mn.

Profit for the 9 months of the 2015 was affected by the results of 3Q 2015, when the major maintenance and repair works took place.

EBITDA decreased by 40.3% year-on-year, down to RUR 6 bln 241 mn.

OGK-2 net profit totaled RUR 2 bln 292 mn, down by 58.3% year-on-year.

Electricity production amounted to 46.7 bln kWh, down by 4.8% year-on-year. Heat output totaled 4.3 thous.
Gkal (-6.9% year-on-year) on the back of relatively warm weather.

Detailed information about OGK-2 performance for the 9 months of the 2015 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 branches – power plants with total installed capacity of circa 18.0 GW, providing about 7% 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, Groznenskaya TPS. 11 power plants are operating and one is under construction.

The Companys 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
  • Alevtina Tolstykh
  • E-mail: tolai@ogk2.ru
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