ОАО Вторая генерирующая компания оптового рынка электроэнергии
OGK-2 Group Profit for 1H 20120 grew by 6.7%
* EBITDA = Operating profit + Depreciation and Amortization.
The Group revenue totaled RUR 60,328 mn, down by 13.0% year-on-year, resulting, in large measure, from the company’s strategy towards lower electricity output by inefficient equipment on the back of lower consumption in the energy system.
Operating expenses totaled RUR 46,358 mn, reduced by 16.5% year-on-year, mostly, on the account of lower fuel purchases.
Operating profit increased by 1.0% year-on-year up to RUR 13,731 mn. EBITDA remained flat and totaled RUR 20,522 mn. Profit grew by 6.7% year-on-year up to RUR 10,293 mn.
The detailed information about OGK-2 performance for 6M 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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