EQS-Adhoc: Mosenergo Releases 1Q 2020 IFRS Results
EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report
RELEASE
May 6, 2020 Moscow
Mosenergo Releases 1Q 2020 IFRS Results
Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 3 months ended March 31, 2020.
(1) Without Depreciation and Amortization (2) Calculated as "Operating Profit + Depreciation and Amortization"
OJSC "Mosenergo" and subsidiaries revenue for 1Q 2020 decreased by 10.9% year-on-year, down to RUR 59,799 mn. The reason for the decline was lower revenue from electricity and heat sales (-14.7% and -11.2%, correspondingly), resulting from decreased operating performance and warmer weather in 2020 heating season. Operating costs for 3M 2020 decreased year-on-year by 5.4% down to RUR 51,474 mn. EBITDA amounted to RUR 12,961 mn (-23.5% year-on-year). Mosenergo Group IFRS profit for 1Q 2020 decreased by 46.6%, down to RUR 5,696 mn.
MOSENERGO PR DEPARTMENT
06-May-2020 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | [email protected] |
Internet: | www.mosenergo.ru |
ISIN: | US0373763087, RU0008958863 |
WKN: | 899416 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow |
EQS News ID: | 1037259 |
End of Announcement | EquityStory.RS, LLC News Service |
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1037259 06-May-2020 CET/CEST