ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

 

OGK-2 Releases Financial Statements for 1Q 2020
15.05.2020

OGK-2 releases unaudited abbreviated interim consolidated Financial Statements for the three months, ended March 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).  

Highlights of the Consolidated Income Statement (mn RUR)

3M 2019

3M 2020

Change (%)

Change (∆)

Revenue

37,538

34,350

-8.5%

-3,188

Operating Expenses

28,745

23,836

-17.1%

-4,909

Operating Profit

8,563

10,588

+23.6%

+2,025

EBITDA*

11,886

13,976

+17.6%

+2,090

Profit for the Period

6,262

7,937

+26.7%

+1,675

* EBITDA = Operating profit + Depreciation and Amortization.

The Group revenue totaled RUR 34,350 mn, down by 8.5% year-on-year, resulting, in large measure, from operational optimization.

Operating expenses totaled RUR 23,836 mn, reduced by 17.1% year-on-year, mostly, on the account of lower fuel purchases on the back of decreased electricity output.

Operating profit increased by 23.6% year-on-year up to RUR 10,588 mn. EBITDA totaled RUR 13,976 mn(+17.6%). Profit grew by 26.7% year-on-year up to RUR 7,937 mn, dew to, among other factors, income from partial sale of Krasnoyarskaya station-2 property for RUR 4,313 mn.

The detailed information about OGK-2 performance for 3M 2020 in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.

For reference:

OGK-2 is a thermal generator. 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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