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Mosenergo Group IFRS Profit for 1H 2021 Increased by 37.5%

·2-min read

PJSC Mosenergo / Key word(s): Interim Report/Quarter Results
Mosenergo Group IFRS Profit for 1H 2021 Increased by 37.5%

09-Aug-2021 / 10:52 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 9, 2021

Moscow

 Mosenergo Group IFRS Profit for 1H 2021 Increased by 37.5%

Mosenergo releases abbreviated unaudited interim consolidated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2021.

 

Consolidated Statement of Comprehensive Income, Key Figures, (mn RUR)

6M 2020

6M 2021

Change

Revenue

92,952

117,652

+26.6%

Operating Costs

(84,801)

(105,352)

+24.2%

EBITDA(1)

18,151

23,173

+27.7%

Depreciation and Amortization

(11,376)

(12,079)

+6.2%

Operating Profit

6,779

11,094

+63.7%

Profit for the Period

6,592

9,067

+37.5%

 (1) Calculated as "Operating Profit + Depreciation and Amortization+ Loss/recovery of impairment of non-financial assets".

 

PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 1H 2021 increased by 26.6% year-on-year, up to RUR 117,652 mn. The reason for the increase was positive operational performance dynamics, on the back of weather factor and growing electricity consumption.

Operating costs for 1H 2021 grew by 24.2% up to RUR 105,352 mn, resulting from growing electricity and heat output.

EBITDA amounted to RUR 23,173 mn (+27.7% year-on-year).

Mosenergo Group IFRS profit for 1H 2021 increased by 37.5%, up to RUR 9,067 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

 

 

09-Aug-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

EQS News ID:

1224927


 

End of Announcement

EquityStory.RS, LLC News Service

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