OGK-2 IFRS Profit for 6M 2017 grew by 2.8x

OGK-2 releases unaudited interim consolidated abbreviated Financial Statements for the 6 months ended June 30, 2017, prepared in accordance with International Financial Reporting Standards (IFRS).

Highlights of the Consolidated Income Statement
(mn RUR)

6 2016

6M 2017

Change (%)

Change (∆)






Operating Expenses





Operating Profit










Profit for the Period





* EBITDA= Operating profit + Depreciation and Amortization.

The Group revenue for 1H 2017 totaled RUR 70,094 mn, up by 17.4% mainly, on the account of growing capacity sales.

Operating expenses totaled RUR 58,336 mn, growing thus by 6.1% year-on-year, in particular, on the account of growing fuel consumption, on the back of increased load.

Operating profit increased by 145.7% year-on-year up to RUR 11,519 mn. EBITDA grew by 97.9% year-on-year, up to RUR17,053 mn. Profit increased by 182.2% up to RUR6,826 mn.

The detailed information about OGK-2 performance in 6M 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 Companys controlling shareholder is ‘Gazprom Energoholding LLC (100%subsidiary of Gazprom JSC).

Contacts: pressa@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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