JSC TGC-1 releases its abbreviated interim unaudited consolidated Financial Statements for the 9 months period, ended September 30, 2015 prepared in accordance with International Financial Reporting Standards (IFRS).
|
Consolidated Statement of Comprehensive Income Highlights (mln RUB) |
9Ì 2015 |
9Ì 2014 |
|
Revenue |
48,049 |
47,940 |
|
Operating Expenses* |
(41,124) |
(41,294) |
|
Operating Profit |
6,924 |
6,646 |
|
EBITDA** |
12,304 |
11,695 |
|
Profit for the Period |
4,036 |
3,913 |
* Includes state subsidies and other operating income.
** EBITDA is calculated as Operating profit + Depreciation of PP&E + Amortization of intangible assets and investment property.
Consolidated TGC-1 Group revenue for 9M 2015 increased by 0.2% year-on-year, up to 48,049 mln RUB.
Operating expenses for the 9 months of 2015 decreased by 0.4% year-on-year, down to 41,124 mln RUB. Variable costs decreased by 2.5%, down to 25,545 mln RUB mostly on the account of lower fuel costs (-7.6%). Fixed costs decreased by 1% down to 10,807 mln RUB mainly due to recovery of provision for receivables impairment.
TGC-1 operating profit grew by 4.2% year-on-year totaling 6,924 mln RUB. EBITDA amounted to 12,304 mln RUB, up to 5.2% year-on-year.
Profit for 9M 2015 increased by 3.1%, up to 4,036 mln RUB.
Full JSC TGC-1 9M 2015 results under IFRS can be found at the corporate website in the “Reports” section.
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