ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

 

OGK-2 RAS Gross profit for 3M 2016 Grew by 16.7%
29.04.2016

OGK-2 releases its operating results and Accounting Statements for 3 months of 2016, prepared in accordance with Russian Accounting Standards (RAS).

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

3M2016

3M2015

Change(%)

Change(∆)

Revenue

32,087

31,086

+3.2%

+1,001

Cost of sales

(27,394)

(27,063)

+1.2%

+331

Gross profit

4,694

4,023

+16.7%

+671

Profit from sales

4,186

3,550

+17.9%

+636

Net profit

2,798

3,410

-17.9%

-612


The Company’s revenue for the 3 months of the 2016 totaled RUR 32 bln 087mn, increasing by 3.2% year-on-year. It was determined by growing revenue from capacity sales under CSA (commissioning of CCGT-420 at Serovskaya station and completed reconstruction at unit #2 of Ryazanskaya station, capacity growing by 60 MW at the end of 2015) combined with lower electricity sales on the back of reducing production.

Cost of sales grew by 1.2% year-on-year and totaled RUR 27 bln 394 mn, among other things, on the account of growing amortization caused by commissioning of CSA capacity.

Gross profit increased by 16.7% year-on-year down to RUR 4 bln 694 mn.

EBITDA grew by 7.0% year-on-year, up to RUR 5 bln 487 mn. 

OGK-2 net profit totaled RUR 2 bln 798mn, down by 17.9% year-on-year. Growing expenses for loan and credit service, resulting from CSA capacity commissioning, were one of the main factors contracting net profit. Detailed information about OGK-2 performance for the 3 months of the 2016 in accordance with RAS is available at the company’s website in the RAS Accounting Reports section.

For reference:
OGK-2 is a leading heat generator comprising branches – power plants (11 operating and one under construction) with total installed capacity of circa 18.5 GW. Company branches produced 64 bln kW h of electricity in 2015 (about 6% of the total production in Russia). Fuel mix: 65% coal, 35% gas. 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.

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