OGK-2 releases Accounting Statements for the 2021FY, in accordance with Russian Accounting Standards (RAS).
Key Highlights of the Statement of Financial Results (mn RUR) |
2020 |
2021 |
Change (%) |
Change (∆) |
Revenue |
120,299 |
141,161 |
+20,862 |
+17.3% |
Cost of sales |
(98,363) |
(112,025) |
(13,662) |
+13.9% |
Gross profit |
21,936 |
29,136 |
+7,200 |
+32.8% |
Net profit |
12,289 |
21,327 |
+9,038 |
+73.5% |
EBITDA |
29,661 |
40,725 |
+11,064 |
+37.3% |
Company revenue totaled RUR 141 bln 161 mn, increasing by 17.3% year-on-year. The revenue growth is due to increase of demand for generating equipment on the whole sale market, and growth of the electricity sale price and capacity supply under CSA-contracts.
Cost of sales increased to RUR 112 bln 025, up by 13.9%.
Gross profit totaled RUR 29 bln 136 mn (+32.8%).
EBITDA increased by 37.3% year-on-year, up to RUR 40 bln 725 mn.
Net profit increased by 73.5% to 21 bln 327 mn.
Detailed information about OGK-2 performance in accordance with RAS is available at the company’s website in the RAS Accounting Reports section.
For reference:
OGK-2 is a heat generating company. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).