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  TGC-1 REGISTER LOG IN

Press Releases > TGC-1  all about the company

company search
all press releases
all TGC-1 press releases

TGC-1

November 21, 2016

TGC-1 IFRS Profit Grew by 67.1% in 9M 2016

TGC-1 releases unaudited interim consolidated Financial Statements for the 9 months period, ended September 30, 2016 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

9Ì 2015

9Ì 2016

Revenue

48,049

54,416

Operating Expenses*

(41,121)

(44,999)

Operating Profit

6,924

9,417

EBITDA**

12,303

14,754

Profit for the Period

4,036

6,746

* With account to Other operating income and Government subsidy.

** EBITDA is calculated as Operating profit + Depreciation of PP&E + Amortization of intangible assets and investment property.

Consolidated TGC-1 Group revenue for 9M 2016 increased by 13.3% year-on-year, up to RUB 54,416 mln. Factors of the growth were the following:

  • Growing capacity sales volume at competitive capacity outtake;
  • Priority load for highly efficient combined-cycle units;
  • Increased production at hydro power stations on the back of higher water factor at Kolsky and Karelsky branches in 9M 2016 year-on-year.

Operating expenses for 9M 2016 grew by 9.4% year-on-year, up to RUB 44,999 mln. Variable costs increased by 9.3%, up to RUB 27,917 mln mostly on the account of higher fuel costs, caused by growing heat output. Fixed costs increased by 14.6%, up to RUB 12,385 mln, mainly due to the provision for impairment of accounts receivable in the reporting period and growing property tax.

TGC-1 operating profit grew by 36% year-on-year totaling RUB 9,417 mln. EBITDA amounted to RUB 14,755 mln, growing by 19.9% year-on-year.

Profit for 9M 2016 increased by 67.1% year-on-year, up to RUB 6,746 mln.

Full TGC-1 9M 2016 results under IFRS are available at the corporate website in the “Reports” section.

 

 

 

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