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IDGC of Centre and Volga Region

August 23, 2017

Profit of PJSC "IDGC of Centre and Volga region" in accordance with IFRS for 6 months of 2017 amounted to 6.25 billion rubles

IDGC of Center and Volga region published interim unaudited condensed consolidated financial statements under International financial reporting standards (IFRS) for 6 months 2017.

According to the published consolidated statements for the 6 months of 2017, the company's revenue amounted to 42 billion rubles, including from transmission of electricity 41.5 billion rubles, from grid connection 0.3 billion rubles and other revenue-0.2 billion rubles. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 12.2 billion rubles. Profit for the period increased by 359,4% and amounted to RUB 6.3 billion. According to reporting in comparison with 6 months of 2016 revenue in the first half of this year increased by 5 341 million (+14,6%). The change in consolidated revenues for the 6 month 2017 mainly due to the increase in revenues from electricity transmission due to the growth in average tariff growth and useful output.

The company's operating expenses for 6 months in 2017 decreased as compared with the same period last year by 340,7 million rubles and amounted to 33 520,3 million roubles. The company's EBITDA in the reporting period increased by 107.2 per cent. EBITDA increased by 13 percentage points to over 6 months of 2017 29.1 percent. The most significant impact on the financial results of the company had a revenue growth from electricity transmission and limiting the growth of operating costs.

The total assets of PJSC "IDGC of Centre and Volga region" as of 30.06.2017 was 84 285,1 million (including: non-current assets - 63 of 340.1 million rubles, current assets 20 945,0 million rubles).

With the consolidated interim financial statements of the PJSC "IDGC of Centre and Volga region" in 6 months of 2017 can be found on the website of the company at the following address: http://www.mrsk-cp.ru/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/fin-otchetnost-msfo-mrsk-tsentra-i-privolzhya/

 

 

 

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