RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-09-01 14:20:00

RUSHYDRO NET PROFIT RUB46.8 BLN

ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.

RUSHYDRO - August 27, 2020 - RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces its condensed consolidated interim unaudited financial information prepared in accordance with International Financial Reporting Standards (IFRS) for the 2nd quarter and 1st half of 2020. 

Key highlights for 1H of 2020: 
  • RUB 218,057 mn – total revenue (+9.0% y-o-y);
  • RUB 67,652 mn – EBITDA (+33.3% y-o-y);
  • 31.0% - EBITDA margin (+5.7 p.p. as compared to 1H’19);
  • flat manageable cash cost growth;
  • RUB 46,825 mn – net profit (+59.4%);
  • 1x – net debt/EBITDA.

Key highlights for 2Q of 2020:

  • RUB 100,373 mn – total revenue (+10.7% y-o-y);
  • RUB 31,039 mn – EBITDA (+46.4% y-o-y);
  • 30.9% - EBITDA margin (+7.5 p.p. as compared to 2Q'19);
  • 2.0% decrease in manageable cash cost growth;
  • RUB 20,917 mn – net profit (+62.5%).

2Q and 1H 2020/2019 highlights (in RUB mn) 

 

2Q/20

2Q/19

chg.

1H/20

1H/19

chg.

Revenue

100,373

90,674

10.7%

218,057

200,134

9.0%

Operating expenses

76,311

76,049

0.3%

164,613

162,403

1.4%

Other operating profit

558

192

190.6%

861

470

83.2%

Operating profit1

24,620

14,817

66.2%

54,305

38,201

42.2%

EBITDA2

31,039

21,206

46.4%

67,652

50,770

33.3%

Net profit

20,917

12,873

62.5%

46,825

29,385

59.4%

 

Nikolay Shulginov, Chairman of the Management Board – General Director of RusHydro commented: "Thanks to systematic initiatives aimed at increasing the company's value growth, capitalization increased by 33% in the first half of the year. Operational efficiency growth, sustainability of our business model and commissioning of new capacities are the backbones behind our performance.
Strong operational results in the first half of 2020 would not have been possible without effective hydropower resource management and seamless maintenance.
Solid financial results enable RusHydro to continuously improve reliability of electricity supply to consumers and carry out operational and investment program to successfully implement the government's modernization program of thermal power plants under capacity supply agreements".

 

Full PDF version

-----

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.

Tags: РУСГИДРО, RUSHYDRO
Chronicle:
ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.
2020, September, 25, 12:49:00
TANK FARMS AND OIL TERMINALS IN RUSSIA, CONFERENCE AND EXIBITION
We are glad to announce that the 15th Technical Conference Tank Farms and Oil Terminals: from Advanced Design to Operational Excellence 2020 is now open. The event will take place on 12-13 November 2020, in Saint-Petersburg.
ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.
2020, September, 25, 12:45:00
GLOBAL RENEWABLE PERSPECTIVES & RISKS
Key risks for the renewables sector are reductions in direct subsidies and tax credits as observed in China, Europe, and the US, permitting barriers and a cloudier outlook for long-term electricity prices.
ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.
2020, September, 25, 12:40:00
GLOBAL ENERGY TRANSITION FOR CLIMATE
Several oil majors are charting a faster shift to cleaner energy.
ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.
2020, September, 25, 12:35:00
EUROPE'S CLIMATE TARGETS
These goals are appropriately ambitious, while also realistic and achievable. Climate change mitigation is not a luxury but a necessity if we want to avoid a climate crisis.
ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.
2020, September, 25, 12:30:00
THE NEW MICRO NUCLEAR
“Radiant is developing the first power generation system that can go anywhere,” company co-founder Doug Bernauer told
ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.
2020, September, 24, 12:35:00
OIL PRICE: BELOW $42 YET
Brent dropped 34 cents, or 0.8%, to $41.43 a barrel, WTI fell 37 cents, or 0.9%, to $39.56 a barrel.
ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.
2020, September, 24, 12:30:00
RUSSIA'S NUCLEAR FOR CLIMATE CHANGE
Russia has 36 nuclear power units in operation and three new ones under construction. In March, Russia's Ministry for Economic Development published a draft strategy for low-carbon development to 2050. The strategy's basic scenario would see nuclear output grow from 203 TWh in 2017 to 225 TWh in 2030 and 260 TWh in 2050. State nuclear corporation Rosatom's foreign orders include 36 units, which are at various stages of implementation.
All Publications »