| PJSC Mosenergo (MSNG) Mosenergo 2017FY IFRS Profit Grew by 84.6% 12-March-2018 / 15:22 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
RELEASE
March 12, 2018 Moscow
Mosenergo 2017FY IFRS Profit Grew by 84.6% Mosenergo releases audited consolidated financial statements (prepared in accordance with IFRS) for the 12 months ended December 31, 2017.
(1) Excluding depreciation of PP&E (2) EBITDA = operating profit + depreciation of PP&E (3) Adjusted to net charge for impairment and other provisions
Company revenue in 2017FY grew by 2.8% year-on-year up to RUR 196,056 mn. The main reason for the revenue growth was high performance of CCGT-units, commissioned under Capacity Supply Agreements (CSA). Variable costs decreased by 3.4% year-on-year, down to RUR 121,963 mn. Fixed costs (excluding depreciation of PP&E) in the reporting period slightly increased by 1.5%, amounting to RUR 26,542 mn. EBITDA for 2017 amounted to RUR 44,327 mn (+44.4% year-on-year). Mosenergo IFRS profit for 2017 increased by 84.6%, up to RUR 24,802 mn.
MOSENERGO PR DEPARTMENT
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| ISIN: | RU0008958863, US0373763087 |
| Category Code: | FR |
| TIDM: | MSNG |
| OAM Categories: | 1.1. Annual financial and audit reports |
| Sequence No.: | 5289 |
| End of Announcement | EQS News Service |
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662983 12-March-2018
