ОАО Вторая генерирующая компания оптового рынка электроэнергии
OGK-2 RAS Net Profit for the 1H 2020 Increased by 9.3%
Company revenue totaled RUR 60 bln 169 mn, decreasing by 13.0% year-on-year.
Cost of sales decreased to RUR 47 bln 858 mn, down by 11.8%, resulting from the Company strategy towards lower output at inefficient equipment on the back of declining consumption in the energy system.
EBITDA increased by 7.5% year-on-year, up to RUR 20 bln 264 mn. Gross profit totaled RUR 12 bln 311mn (-17.2%). Net profit grew by 9.3% to 10 bln 635 mn.
Detailed information about OGK-2 performance in accordance with RAS is available at the company’s website in the RAS Accounting Reports section.
OGK-2 is a heat generating company. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).
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