Mosenergo Releases 9m 2020 IFRS Results
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EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report/9 Month figures
RELEASE
November 6, 2020 Moscow Mosenergo Releases 9m 2020 IFRS Results Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2020.
(1) Calculated as "Operating Profit + Depreciation and Amortization"
PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 9M 2020 decreased by 8.4% year-on-year, down to RUR 122,108 mn. The reason for the decrease was lower revenue from electricity and heat sales (-16.2% and -4.5%, correspondingly). The operating performance decline resulted from unusually warm weather in 1q 2020 and decreased electricity consumption on the back of COVID-19 impact. Operating costs for 9M 2020 decreased year-on-year by 3.4% down to RUR 116,803 mn. EBITDA amounted to RUR 21,264 mn (-18.9% year-on-year). Mosenergo Group IFRS profit for 9M 2020 decreased by 57.7%, down to RUR 5,344 mn.
MOSENERGO PR DEPARTMENT
06-Nov-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: | mosenergo@mosenergo.ru |
| Internet: | www.mosenergo.ru |
| ISIN: | US0373763087, RU0008958863 |
| WKN: | 899416 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow |
| EQS News ID: | 1146210 |
| End of Announcement | EquityStory.RS, LLC News Service |
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1146210 06-Nov-2020 CET/CEST
