Mosenergo Releases 9m 2020 IFRS Results

November 6, 2020 15:07

Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2020.


Consolidated Statement of Comprehensive Income

Key Figures, (mn RUR)

9M 2019

9M 2020

Change

Revenue

133,378

122,108

—8.4%

Operating Costs

(120,895)

(116,803)

—3.4%

EBITDA(1)

26,225

21,264

—18.9%

Depreciation and Amortization

(13,551)

(17,203)

+27.0%

Operating Profit

12,674

4,061

—68.0%

Profit for the Period

12,624

5,344

—57.7%

(1) Calculated as “Operating Profit + Depreciation and Amortization”


PJSC “Mosenergo” and subsidiaries (Mosenergo Group) revenue for 9M 2020 decreased by 8.4% year-on-year, down to RUR 122,108 mn. The reason for the decrease was lower revenue from electricity and heat sales (-16.2% and —4.5%, correspondingly). The operating performance decline resulted from unusually warm weather in 1q 2020 and decreased electricity consumption on the back of COVID-19 impact.

Operating costs for 9M 2020 decreased year-on-year by 3.4% down to RUR 116,803 mn.

EBITDA amounted to RUR 21,264 mn (-18.9% year-on-year).

Mosenergo Group IFRS profit for 9M 2020 decreased by 57.7%, down to RUR 5,344 mn.