ОАО Вторая генерирующая компания оптового рынка электроэнергии


OGK-2 IFRS Profit for 3M 2017 grew by 87.7%

OGK-2 releases unaudited interim consolidated abbreviated Financial Statements for the 3 months ended March 31, 2017, prepared in accordance with International Financial Reporting Standards (IFRS).

Highlights of the Consolidated Income Statement (mn RUR) 3М 20163М 2017Change (%)Change (∆)
Revenue32 11838 145+18,8%+6 027
Operating Expenses(28 133)(30 331)+7,8%-2 198
Operating Profit4 0977 805+90,5%+3 708
EBITDA*5 96810 567+77,1%+4 599
Profit for the Period2 6675 005+87,7%+2 338

* EBITDA= Operating profit + Depreciation and Amortization.

The Group revenue for 1Q 2017 totaled RUR 38,145 mn, up by 18.8% or by RUR 6,027 mn year-on-year. The revenue dynamics were determined, mainly, by capacity commissioning under CSA and capacity supply to the wholesale market, initiated by units at Novocherkasskskaya and Troitskskaya stations.

Operating expenses totaled RUR 30,331 mn, growing thus by 7.8% year-on-year, mainly, on the account of growing fuel consumption, on the back of increased load; growing depreciation and amortization and property tax, resulting from commissioning under CSA.

Operating profit increased by 90.5% year-on-year up to RUR 7,805 mn. EBITDA grew by 77.1 year-on-year, up to RUR 10,567 mn. Profit increased by 87.7% up to RUR 5,005 mn.

The detailed information about OGK-2 performance in 3M 2017 in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.

For reference:

OGK-2 is a leading thermal generator, including 11 operating power plants and one under construction, with total installed capacity of 19.0 GW. The Company includes: 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 and Adlerskaya TPS. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).

Contacts: dfilatov@ogk2.ru

  • Peterburgskoe highway 66,
  • Buid. 1, litera A, St. Peterburg, 196140, Russia
  • (812) 646-13-64
  • mail: office@ogk2.ru
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