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ROSSETI Center and Volga Region

June 8, 2017

Profit of PJSC "IDGC of Centre and Volga region" in accordance with IFRS for the 3 months of 2017 exceeded 4 billion rubles

IDGC of Center and Volga region published unaudited interim condensed consolidated financial statements for 3 months of 2017, in accordance with international financial reporting standards (IFRS).

According to statements the profit of the network company for the reporting period amounted to 4 189 million rubles, which is to 191.6 % greater than the values of Q1 2016. The increase in profit is due to higher revenues from electric transmission and lower operating costs.

Also in comparison with the similar period of 2016 14.7% (2 951,2 million rubles) increased by the revenues of IDGC of Center and Volga region, reaching the quarter 2017 23 088,5 million.

According to reports the company's operating expenses for the 3 months of 2017 decreased in comparison with the 1st quarter of 2016 383,5 million rubles and amounted to 17 390,6 million. EBITDA increased by 91.9 per cent and amounted to 7 519,5 million rubles.

The total assets of PJSC "IDGC of Centre and Volga region" as of 31.03.2017 - 84 609 million (including: non-current assets - 62 768,6 million rubles, current assets – 21 840,5 million rubles).

With the consolidated interim financial statements of the PJSC "IDGC of Centre and Volga region" for 3 months of 2017 can be found on the website of the company at the following address: https://www.mrsk-cp.ru/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/fin-otchetnost-msfo-mrsk-tsentra-i-privolzhya/.

 

 

 

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