PJSC Mosenergo: IFRS Profit for 1Q 2021 Increased by 65.7%
May 18, 2021 at 05:20 pm IST
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EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report/Statement
PJSC Mosenergo: IFRS Profit for 1Q 2021 Increased by 65.7%
18-May-2021 / 13:49 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
May 18, 2021
Moscow
Mosenergo Group IFRS Profit for 1Q 2021 Increased by 65.7%
Mosenergo releases abbreviated unaudited interim consolidated financial statements (prepared in accordance with IFRS) for the 3 months ended March 31, 2021.
Consolidated Statement of Comprehensive Income, Key Figures, (mn RUR)
3M 2020
3M 2021
Change
Revenue
59,799
78,032
+30.5%
Operating Costs
(51,474)
(65,637)
+27.5%
EBITDA(1)
12,961
17,632
+36.0%
Depreciation and Amortization
(5,653)
(6,134)
+8.5%
Operating Profit
7,308
11,498
+57.3%
Profit for the Period
5,696
9,440
+65.7%
(1) Calculated as "Operating Profit + Depreciation and Amortization".
PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 1Q 2021 increased by 30.5% year-on-year, up to RUR 78,032 mn. The reason for the increase was positive operational performance dynamics, on the back of growing electricity consumption and lower air temperature in the reporting period.
Operating costs for 1Q 2021 grew by 27.5% up to RUR 65,637 mn, resulting from growing electricity and heat output.
EBITDA amounted to RUR 17,632 mn (+36.0% year-on-year).
Mosenergo Group IFRS profit for 1Q 2021 increased by 65.7%, up to RUR 9,440 mn.
MOSENERGOPRDEPARTMENT
Tel.:
Fax:
?-mail:
Website:
(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99
press-centre@mosenergo.ru
http://www.mosenergo.ru
18-May-2021 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; Moscow
PJSC Mosenergo specializes in producing and distributing electricity. Sales break down by activity as follows:
- production and distribution of electricity (55.9%): 60,110 GWh produced in 2021. At the end of 2021, the group had 15 power plants with an installed capacity of 12,825 MW;
- production and sale of heat (42.3%);
- other (1.8%): engineering services, telecommunication services, etc.
All sales are in Russia.