ОАО Вторая генерирующая компания оптового рынка электроэнергии
OGK-2 Releases Financial Statements for 1Q 2020
* 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.
OGK-2 is a thermal generator. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).
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