EQS-Adhoc: PJSC Mosenergo: Releases 9M 2019 IFRS Results
EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Quarterly / Interim Statement/9 Month figures
PJSC Mosenergo: Releases 9M 2019 IFRS Results
08-Nov-2019 / 14:46 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.
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/
RELEASE
November 8, 2019
Moscow
Mosenergo Releases 9M 2019 IFRS Results
Mosenergo releases abbreviated interim unaudited consolidated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2019.
Consolidated Statement of Comprehensive Income
Key Figures, (mn RUR)
9M 2018
9M 2019
Revenue
135,988
133,378
Operating Costs
(117,923)
(120,895)
Operating Profit
17,019
12,674
EBITDA (1)
28,161
24,281
EBITDA, adj. (2)
29,452
24,396
Profit for the Period
14,045
12,624
(1) EBITDA = Operating Profit + Depreciation and Amortization
(2) Adjusted to net charge for impairment and other provisions
Mosenergo revenue for 9M 2019 decreased by 1.9% year-on-year down to RUR 133,378 mn. The reason for the decline was lower revenue from capacity sales (-27.7%) on the back of capacity supply agreements expiry for three units, as well as lower revenue from heat sales (-2.8%), on the back of output decline, resulting from warmer weather in the reporting period, which was partly counterweighted electricity output growing by 7.3%.
Operating costs in the reporting period amounted to RUR 120,895 mn, up by 2.5%, mainly on the account of fuel expenses growing by 4.3% on the back of increased electricity output.
EBITDA amounted to RUR 24,281 mn (-13.8% year-on-year).
Mosenergo IFRS profit for 9M 2019 decreased by 10.1%, down to RUR 12,624 mn.
MOSENERGO PR DEPARTMENT
Tel.:
Fax:
?-mail:
Website:
(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99press-centre@mosenergo.ruhttp://www.mosenergo.ru
08-Nov-2019 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
PJSC Mosenergo
Vernadskogo prospect, 101 bld. 3
119526 Moscow
Russia
Phone:
+7 495 957 1 957
Fax:
+7 495 957 32 00
E-mail:
mosenergo@mosenergo.ru
Internet:
www.mosenergo.ru
ISIN:
US0373763087, RU0008958863
WKN:
899416
Listed:
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow
EQS News ID:
908673
End of Announcement
EquityStory.RS, LLC News Service
908673 08-Nov-2019 CET/CEST