JSC TGC-1 published its 1H 2016 financial statements under the Russian Accounting Standards (RAS).
|
Statement of financial performance (mln RUB) |
1H 2016 |
1H 2015 |
|
Revenue |
39,036.9 |
34,948.0 |
|
Costs |
(33,219.1) |
(31,308.8) |
|
Gross profit |
5,817.8 |
3,639.2 |
|
EBITDA* |
7,330.9 |
8,276.9 |
|
Net profit |
3,772.1 |
2,728.8 |
* EBITDA profit before tax – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.
The company's revenue in 1H 2016 increased by 11.7% YoY to make RUB 39,036.9 mln.
Revenue from heat sales increased by 11.3% to make RUB 16,305.5 mln due to growing output in colder weather.
Revenue from electricity sales increased by 3.8% to make RUB 14,975.2 mln. Revenue from capacity sales increased by 34.8% YoY to make RUB 7,635.2 mln due to growing capacity output at the competitive capacity auction.
Production cost increased by 6.1% to make RUB 33,219.1 mln mostly due to the required production support for the growing heat output.
Gross profit of JSC TGC-1 in 1H 2016 increased by 59.9% to make RUB 5,817.8 mln. EBITDA decreased by 11.4% to make RUB 7,330.9 mln. Net profit in the reporting period increased by 38.2% YoY to make RUB 3,772.1 mln.
To find out more about the financial performance of JSC TGC-1 in the 1H 2016, please visit the Reports section at the corporate website.
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