ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

 

OGK-2 Group IFRS Profit for 1Q 2019 grew by 36%
15.05.2019

OGK-2 releases consolidated Financial Statements for the three months, ended March 31, 2019, prepared in accordance with International Financial Reporting Standards (IFRS).  

Highlights of the Consolidated Income Statement (mn RUR)

3М 2018

3М 2019

Change (%)

Change (∆)

Revenue

39,650

37,538

-5.3%

-2,112

Operating Expenses

32,729

28,745

-12.2%

-3,984

Operating Profit

6,808

8,563

+25.8%

+1,755

EBITDA*

9,830

11,886

+20.9%

+2,056

Profit for the Period

4,609

6,262

+35.9%

+1,653

* EBITDA= Operating profit + Depreciation and Amortization.

The Group revenue for 1Q 2019 totaled RUR 37,538 mn, down by 5.3% year-on-year.

Operating expenses totaled RUR 28,745 mn, declining by 12.2% year-on-year, mostly, on the account of lower fuel costs. Thus, operating profit increased by 25.8% year-on-year up to RUR 8,563 mn. EBITDA totaled RUR 11,886 mn(+20.9%). Profit grew by 35.9% year-on-year up to RUR 6,262 mn.

The detailed information about OGK-2 performance for 1Q 2019 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 power plants. 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).

  • 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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