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2020-04-30 14:45:00

RUSHYDRO PROFIT +14%

ПРИБЫЛЬ РУСГИДРО +14%

RUSHYDROApril 29, 2020. Moscow, Russia. PJSC RusHydro (MOEX, LSE: HYDR; OTCQX: RSHYY) announces non-consolidated financial results under Russian accounting standards (RAS) for the first quarter ended March 31, 2020. 

Key highlights: 
  • EBITDA – RUB 24,358 mn (+25%);
  • Reported net profit – RUB 14,315 mn (+14%);
  • Since July 1st 2017, a surcharge to capacity prices in 1st and 2nd price zones in order to attain base level of end-user tariffs in the Far East of Russia is reflected in PJSC RusHydro’s revenue and operating expenses[1]. In 1Q20, the surcharge totaled RUB 10,264 mn, in the 1Q19 – RUB 8,748 mn; Adjusted for the surcharge revenue and expenses (here and below in the text) were:
  • Revenue – RUB 34,653 mn (+19%);
  • Operating expenses – RUB 14,684 mn (+7%).

Key financials for 1Q 2020 under RAS (in RUB mn), excluding surcharge 

 

1Q’20

1Q’19

chg

Revenue (adj. for surcharge)

34,653

29,081

+19%

Operating expenses (adj. for surcharge)

(14,684)

(13,733)

+7%

Operating profit

19,969

15,348

+30%

EBITDA[2]

24,358

19,440

+25%

Net profit

14,315

12,537

+14%

 

Full PDF version

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Tags: РУСГИДРО, RUSHYDRO