ОАО «ТГК-1» публикует консолидированные финансовые результаты по МСФО за I квартал 2016 года
JSC TGC-1 releases unaudited interim consolidated Financial Statements for the 3 months period, ended March 31, 2016 prepared in accordance with International Financial Reporting Standards (IFRS).
Consolidated Statement of Comprehensive Income Highlights (mln RUB) | 3М 2016 | 3М 2015 |
|---|---|---|
Revenue | 25,238 | 22,035 |
Operating Expenses* | (19,310) | (17,458) |
Operating Profit | 5,929 | 4,577 |
EBITDA** | 7,683 | 6,365 |
Profit for the Period | 4,386 | 3,295 |
* Including Government subsidies and Other operating income.
** EBITDA is calculated as Operating profit + Depreciation of PP&E + Amortization of intangible assets and investment property.
Consolidated TGC-1 Group revenue for 3M 2016 increased by 14.5% year-on-year, up to RUB 25,238 mln.
Operating expenses for 1Q 2016 grew by 10.6% year-on-year, up to RUB 19,310 mln. Variable costs increased by 10.6%, up to RUB 13,793 mln mostly on the account of higher fuel costs, combined with growing heat output. Fixed costs increased by 20.4%, up to RUB 3,960 mln, mainly due to receivables impairment provision and growing loss on PP&E disposal.
TGC-1 operating profit grew by 29.5% year-on-year totaling RUB 5,929 mln. EBITDA amounted to RUB 7,683 mln, growing by 20.7% year-on-year.
Profit for 3M 2016 increased by 33.1% year-on-year, up to RUB 4,386 mln.
Full JSC TGC-1 3M 2016 results under IFRS are available at the corporate website in the Reports section.