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ROSSETI Center and Volga Region

July 31, 2017

PJSC "IDGC of Centre and Volga region" in 6 months of 2017 received 5.9 billion rubles of net profit

PJSC "IDGC of Centre and Volga region" was prepared and published financial statements for the 1st half of 2017 in accordance with Russian accounting standards (RAS).

According to reports, the revenues of IDGC of Center and Volga region amounted to 42.3 billion rubles, including revenue from electricity transmission — 41.9 billion rubles, from grid connection — 258.9 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 107.3% and reached 12 148 million. The net profit turned out to 505.3% higher than the same period last year and amounted to 5.9 billion rubles.

Revenue of PJSC "IDGC of Centre and Volga region" for the 1st half of 2017, compared to the same period of 2016 increased by 5 518.5 mln (or 15 %). The actual cost of services rendered increased by 1 667.8 million RUB Positive dynamics of financial results in this period is associated with an increase in tariff revenues, optimizing business processes and controlled costs of the company network.

Productive supply of electric energy amounted to 25 188.4 million kWh, compared to the same period last year increased volumes by 5.1%. Thanks to the successful implementation of the Programme of loss reduction level of electricity losses for the period decreased by 0.96%.

The company's total assets at 30 June 2017 in comparison with the first half of 2016 increased by 4.5% and amounted to 96 108.7 million rubles including the cost of non-current assets – 75 345.6 mln. (increase by 0.1 %), current assets – 20 763.1 mln (an increase of 24.5 %).

Net assets as at 30.06.2017 57% 010.6 million rubles.

More detailed financial statements of the PJSC "IDGC of Centre and Volga region" for the 1st half of 2017 can be found on the company website in the Internet at the following address: https://www.mrsk-cp.ru/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/bukhgalterskaya-otchetnost-oao-mrsk-tsentra-i-privolzhya/.

 

 

 

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