ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

 

OGK-2 IFRS Revenue Exceeded RUR 80 bln
23.11.2015

OGK-2 releases its interim abbreviated unaudited consolidated Financial Statements for the 9 months ended September 30, 2015, prepared in accordance with International Financial Reporting Standards (IFRS). 

Highlights of the Consolidated Income Statement and Consolidated Statement of Comprehensive Income

Highlights of the Consolidated Income Statement and Consolidated Statement of Comprehensive Income
(mn RUR)

9M 2015

9M 2014

Change (%)

Change (∆)

Revenue

80,842

83,341

-3.0%

-2,499

Operating Expenses

(77,722)

(76,267)

+1.9%

+1,455

Operating Profit

3,065

7,192

-57.4%

-4,127

EBITDA*

6,674

10,860

-38.5%

-4,186

Profit for the Period

2,750

5,634

-51.2%

-2,884


* EBITDA= Operating profit + Depreciation and Amortization.

The Revenue of OGK-2 for 9M 2015 totaled RUR 80,842 mn, down by 3.0% or by RUR 2,499 mn year-on-year, on the back of lower production at unprofitable equipment. 

Operating Expenses for 9M 2015 totaled RUR 77,722 mn, growing thus by 1.9% year-on-year. 

As a result, Operating Profit for 9M 2015 decreased by 57.4% year-on-year down to RUR 3,065 mn. The decrease was also due to 3Q 2015 results, when the main maintenance and repair works were carried out.

EBITDA for 9M 2015 decreased by 38.5% year-on-year, down to RUR 6,674 mn. 

OGK-2 Profit for 9M 2015 totaled RUR 2,750 mn, down by 51.2%.

The detailed information about OGK-2 performance in 9M 2015 in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.

For reference:
OGK-2 is a leading heat generator, including 11 operating power plants and one under construction, with total installed capacity of circa 18.0 GW, providing about 7% of Russia’s electricity output. The Company includes: Adlerskaya TPS, Kirishskaya State District Power Plant, Krasnoyarskskaya State District Power Plant 2, Pskovskaya State District Power Plant, Novocherkasskaya 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. 

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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