EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Quarterly / Interim Statement PJSC Mosenergo Releases IFRS Financial Results for 1H 2019 12-Aug-2019 / 15:56 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
RELEASE August 12, 2019 Moscow Mosenergo Releases IFRS Financial Results for 1H 2019 Mosenergo releases interim abbreviated unaudited consolidated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2019.
(1) Calculated as "Revenue from electricity sales + Revenue from heat sales - Variable costs" (2) Adjusted to net charge for impairment and other provisions Mosenergo revenue for 6M 2019 decreased by 3.5% year-on-year down to RUR 103,855 mn. The reason for the decline was revenue from capacity sales decrease (-32.6%), on the back of capacity supply agreements expiry for three CSA units, as well as decreased revenue from heat sales (-5.8%) on the account of lower output for warmer weather in the report period. Operating costs for 1H 2019 amounted to RUR 89,686 mn, thus growing marginally by 1.4%, mainly on the account of fuel costs increase by 2.1%. EBITDA, adjusted to net charge for impairment and other provisions, for the report period decreased by 17.6%, down to RUR 22,094 mn). Mosenergo marginal profit in 1H 2019 amounted to RUR 17,247 mn, up by 13.8%, resulting from increased electricity output (+6.8%) and weighted average electricity price growth by 10.1%. Mosenergo IFRS profit for 1H 2019 decreased by 16.4%, down to RUR 12,730 mn. MOSENERGO PR DEPARTMENT
12-Aug-2019 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de |
Language: | English |
Company: | PJSC Mosenergo |
Vernadskogo prospect, 101 bld. 3 | |
119526 Moscow | |
Russia | |
Phone: | +7 495 957 1 957 |
Fax: | +7 495 957 32 00 |
E-mail: | mosenergo@mosenergo.ru |
Internet: | www.mosenergo.ru |
ISIN: | US0373763087, RU0008958863 |
WKN: | 899416 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow |
EQS News ID: | 855941 |
End of Announcement | EquityStory.RS, LLC News Service |
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855941 12-Aug-2019 CET/CEST