ОАО Вторая генерирующая компания оптового рынка электроэнергии


OGK-2 RAS Net Profit for the 1Q 2017 grew by 89% to 5.3 bln RUR

OGK-2 releases its operating results and Accounting Statements for the 1Q 2017, prepared in accordance with Russian Accounting Standards (RAS).

Key Highlights of the Statement of Financial Results (mn RUR)3M 20163M 2017Change (%)Change (∆)
Revenue32,08738 121+18,8%+6 034
Cost of sales(27 394)(29 779)+8,7%(2 385)
Gross profit4 6948 342+77,7%+3 648
Net profit2 7985 285+88,9%+2 487
EBITDA4,69410 145+116.1%+5,451

Company revenue for the 3 months of the 2017 totaled RUR 38 bln 121 mn, increasing by 18.8% year-on-year. The revenue dynamics were considerably influenced by commissioning and initiation of capacity supply to the wholesale market under CSA by units at Novocherkasskskaya (since 01.06.2016) and Troitskskaya (since 01.07.2016) stations. At the same time cost of sales grew by 8.7% to RUR 29 bln 779 mn mostly on the account of increased fuel consumption, caused by growing load, amortization and property tax, on the back of CSA-units commissioning.

EBITDA grew by 84.9% year-on-year, up to RUR 10 bln 145 mn.

Gross profit increased by 77.7% year-on-year up to RUR 8 bln 342 mn.

Net profit grew by 88.9% to 5 bln 285 mn.

Detailed information about OGK-2 performance for the 1Q 2017 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 11 active power plants with total installed capacity of circa 19.0 GW. 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 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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