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

August 5, 2019

TGC-1 Group’s Profit under IFRS for H1 2019 increased by 16.9%

TGC-1 releases unaudited interim consolidated Financial Statements for the 6 months period, ended 30 June 2019 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

6M 2018*

6M 2019

Revenue

48,064.0

52,712.5

Operating Expenses

(39,128.8)

(41,404.3)

Operating Profit

9,349.3

12,078.8

EBITDA**

13,220.1

16,940.9

Profit for the Period

7,957.5

9,301.7

* 6M 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 H1 2019 increased by 9.7% year-on-year, up to RUB 52 billion 712.5 million. Growth in prices of electricity in the first price zone and capacity sale in the CDA segment was the key factor driving the revenue rise.

The Group's comparable operating expenses increased by 5.8% to RUB 41 billion 404.3 million, on the back of increased CHPP production.

As a result, the Group's operating profit rose by 29.2% to RUB 12 billion 078.8 million. EBITDA increased by 28.1% to RUB 16 billion 940.9 million.

Profit had an increase of 16.9% and reached RUB 9 billion 301.7 million.

Full TGC-1 6M 2019 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat in the North-West region of Russia. It operates 53 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. Installed electric capacity of the Company’s stations amounts to 6.95 GW and heating capacity of 13,75 thous. GCal/hr as of 30 June 2019. 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 I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer