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PJSC Mosenergo Releases 1H 2020 IFRS Results

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PJSC Mosenergo / Key word(s): Interim Report/Statement
PJSC Mosenergo Releases 1H 2020 IFRS Results

07-Aug-2020 / 09:43 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 7, 2020

Moscow

  Mosenergo Releases 1H 2020 IFRS Results

Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2020.

 

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

6M 2019

6M 2020

Change

Revenue

103,855

92,952

-10.5%

Operating Costs

(89,686)

(84,801)

-5.4%

EBITDA(1)

23,033

18,155

-21.2%

Depreciation and Amortization

(8,994)

(11,376)

+26.5%

Operating Profit

14,039

6,779

-51.7%

Profit for the Period

12,730

6,592

-48.2%

 

 (1) Calculated as "Operating Profit + Depreciation and Amortization"

 

PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 1H 2020 decreased by 10.5% year-on-year, down to RUR 92,952 mn. The reason for the decline was lower revenue from electricity and heat sales (-21.7% and -4.0%, correspondingly), resulting from warmer weather in 1q 2020, decreased electricity consumption on the back of COVID-19 and increased electricity output at nuclear stations in the Central energy system and hydro stations.

Operating costs for 6M 2020 decreased year-on-year by 5.4% down to RUR 84,801 mn.

EBITDA amounted to RUR 18,155 mn (-21.2% year-on-year).

Mosenergo Group IFRS profit for 1H 2020 decreased by 48.2%, down to RUR 6,592 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

 

 

07-Aug-2020 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:

1112621


 

End of Announcement

EquityStory.RS, LLC News Service

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