print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all TGC-1 press releases

TGC-1

November 11, 2019

TGC-1 Group profit for 9M 2019 increased by 27.6%

TGC-1 releases unaudited interim consolidated Financial Statements for the 9 months period, ended 30 September 2019 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

9Ì 2018*

9Ì 2019

Revenue

63,707.9

69,824.8

Operating Expenses

(53,866.8)

(56,419.9)

Operating Profit

10,348.0

14,784.5

EBITDA**

16,201.6

22,146.0

Profit for the Period

8,548.4

10,903.6

* 9M 2018 results were restated dew to “Government subsidies” and “Income from rent” items transfer from “Other operating income” to “Revenue”

** EBITDA is calculated as Operating profit + Depreciation and Amortization.

Consolidated TGC-1 Group revenue for 9M 2019 increased by 9.6% year-on-year, up to RUB 69,824.8 mln. The revenue dynamics main drivers were increased revenue from electricity sales at the day-ahead market and from heat sales, as well as measures for operating performance improvement.

Group’s comparable operating expenses grew by 4.7%, up to RUB 56,419.9 mln, mainly, on the back of increased fuel expenses. 

Hence, Group’s operating profit increased by 42.9% year-on-year totaling RUB 14,784.5 mln. EBITDA amounted to RUB 22,146.0 mln, up by 36.7% year-on-year.

Profit grew by 27.6% year-on-year, up to RUB 10,903.6 mln.

Full TGC-1 9M 2019 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 53 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.95 GW and heating capacity of 13.75 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer