OGK-2 releases Accounting Statements for 1Q 2022, in accordance with Russian Accounting Standards (RAS).
Company revenue totaled RUR 39 bln 485 mn, increasing by 7.4% year-on-year. The revenue increased on the account of increased demand for generating equipment at the wholesale market, growing electricity price and capacity supply under CSA-contracts.
Cost of sales increased to RUR 29 bln 185, up by 7.9%.
Gross profit totaled RUR 10 bln 300 mn (+6.0%). EBITDA decreased marginally by 2.0% year-on-year, down to RUR 12 bln 249 mn.
Net profit amounted to 7 bln 172 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).