3M2019 IFRS results

28 May 2019

3M2019 revenues stands at RUB 32,356.3 million (+ RUB 9,569.5 million or 42.0% YoY), the increase being driven by the Company’s operations as the provider of the last resort in the Sverdlovsk and Chelyabinsk regions from 01.04.2018 (former service area of AO Roskommunenergo), 01.07.2018 (former service area of PAO Chelyabenergosbyt) and 01.08.2018 (former service area of NUESK), respectively.

3M2019 operating expenses totaled RUB 30,498.8 million (+RUB 8,348.7 million or 37.7% YoY), the rise being mainly affected by PoLR-related costs as well as increased payments to grid operators.

3M2019 result from operating activities reached RUB 1,989.9 million (3M2018: RUB 925.3 million). 3M2019 profit before income tax amounted to RUB 1,656.2 million (3M2018: RUB 669.5 million).

Profit for the period totaled RUB 1,168.2 million (3M2018: RUB 501.6 million). Total comprehensive income for the period is RUB 1,174.7 million (3M2018: RUB 741.3 million).

Table 1. 3M2018-2019 Financial Highlights of OAO IDGC of Urals, RUB thous.

 

3M2018

3M2017

Revenue, incl.

32,356,325

22,786,858

Electricity transmission

14,822,763

17,755,456

Electricity sales

17,317,283

4,819,813

Connection services

141,741

111,298

Operating expenses

(30,498,784)

(22,150,104)

Result from operating activities

1,989,892

925,252

Profit/(Loss) before income tax

1,656,226

669,463

Profit/(Loss) for the period

1,168,151

501,624

Total comprehensive income for the period

1,174,689

741,257

Please, visit “Financial Information” section of the official web-site to review our 3M2019 IFRS financial statements.

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