PJSC Mosenergo / Key word(s): Interim Report/Statement
August 7, 2020
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.
(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
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