PJSC Mosenergo Releases 1H 2020 IFRS Results
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EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report/Statement
RELEASE
August 7, 2020 Moscow Mosenergo Releases 1H 2020 IFRS Results Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2020.
(1) Calculated as "Operating Profit + Depreciation and Amortization"
PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 1H 2020 decreased by 10.5% year-on-year, down to RUR 92,952 mn. The reason for the decline was lower revenue from electricity and heat sales (-21.7% and -4.0%, correspondingly), resulting from warmer weather in 1q 2020, decreased electricity consumption on the back of COVID-19 and increased electricity output at nuclear stations in the Central energy system and hydro stations. Operating costs for 6M 2020 decreased year-on-year by 5.4% down to RUR 84,801 mn. EBITDA amounted to RUR 18,155 mn (-21.2% year-on-year). Mosenergo Group IFRS profit for 1H 2020 decreased by 48.2%, down to RUR 6,592 mn.
MOSENERGO PR DEPARTMENT
07-Aug-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: | 1112621 |
| End of Announcement | EquityStory.RS, LLC News Service |
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1112621 07-Aug-2020 CET/CEST
