PJSC Mosenergo

  • WKN: 899416
  • ISIN: US0373763087
  • Land: Russland

Nachricht vom 12.08.2019 | 15:56

PJSC Mosenergo Releases IFRS Financial Results for 1H 2019

PJSC Mosenergo / Key word(s): Quarterly / Interim Statement
PJSC Mosenergo Releases IFRS Financial Results for 1H 2019

12-Aug-2019 / 15:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


/

 

RELEASE

August 12, 2019
Moscow

Mosenergo Releases IFRS Financial Results for 1H 2019

Mosenergo releases interim abbreviated unaudited consolidated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2019.

Consolidated Statement of Comprehensive Income
Key Figures, (mn RUR)
6M 2018 6M 2019
Revenue 107,668 103,855
Operating Costs (88,491) (89,686)
Marginal profit(1) 15,151 17,247
Operating Profit 18,552 14,039
EBITDA, adj. (2) 26,797 22,094
Profit for the Period 15,232 12,730
 

(1) Calculated as "Revenue from electricity sales + Revenue from heat sales - Variable costs"

(2) Adjusted to net charge for impairment and other provisions

Mosenergo revenue for 6M 2019 decreased by 3.5% year-on-year down to RUR 103,855 mn. The reason for the decline was revenue from capacity sales decrease (-32.6%), on the back of capacity supply agreements expiry for three CSA units, as well as decreased revenue from heat sales (-5.8%) on the account of lower output for warmer weather in the report period.
Operating costs for 1H 2019 amounted to RUR 89,686 mn, thus growing marginally by 1.4%, mainly on the account of fuel costs increase by 2.1%.
EBITDA, adjusted to net charge for impairment and other provisions, for the report period decreased by 17.6%, down to RUR 22,094 mn).
Mosenergo marginal profit in 1H 2019 amounted to RUR 17,247 mn, up by 13.8%, resulting from increased electricity output (+6.8%) and weighted average electricity price growth by 10.1%.
Mosenergo IFRS profit for 1H 2019 decreased by 16.4%, down to RUR 12,730 mn.

MOSENERGO PR DEPARTMENT

Tel.:
Fax:
Е-mail:
Website:
(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99
press-centre@mosenergo.ru
http://www.mosenergo.ru

12-Aug-2019 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC-Fokusbox

Expedeon AG mit attraktiver Produktpipeline

Durch die konsequente Fortsetzung der „Grow, Buy & Build“-Strategie hat die im Bereich der Entwicklung und Vermarktung von DNA-Technologien, Proteomik- und Antikörper-Konjugations-Anwendungen tätige Expedeon AG das Umsatzniveau angehoben und auf operativer Ergebnisebene zugleich den Break-Even nachhaltig überschritten. Für die kommenden Perioden ist der Ausbau der Umsatzerlöse mit den bestehenden Produkten geplant. Darüber hinaus verfügt die Expedeon AG über eine attraktive Produktpipeline mit hohem Umsatzpotenzial. Unser Kursziel liegt bei 3,20 € je Aktie. Das Rating lautet KAUFEN.

Aktuelle Research-Studie

Media and Games Invest plc

Original-Research: Media and Games Invest plc (von Sphene Capital GmbH): Buy

10. Oktober 2019