In 1H 2016, JSC TGC-1 increased its net profit under RAS by 38.2%
JSC TGC-1 published its 1H 2016 financial statements under the Russian Accounting Standards (RAS).
Statement of financial performance (mln RUB) | 1H2016 | 1H 2015 |
|---|---|---|
Revenue | 39,036.9 | 34,948.0 |
Costs | (33,219.1) | (31,308.8) |
Gross profit | 5,817.8 | 3,639.2 |
EBITDA* | 9,282.3 | 8,276.9 |
Net profit | 3,772.1 | 2,728.8 |
* EBITDA profit before tax – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.
The company's revenue in 1H 2016 increased by 11.7% YoY to make RUB 39,036.9 mln.
Revenue from heat sales increased by 11.3% to make RUB 16,305.5 mln due to growing output in colder weather.
Revenue from electricity sales increased by 3.8% to make RUB 14,975.2 mln. Revenue from capacity sales increased by 34.8% YoY to make RUB 7,635.2 mln due to growing capacity output at the competitive capacity auction.
Production cost increased by 6.1% to make RUB 33,219.1 mln mostly due to the required production support for the growing heat output.
Gross profit of JSC TGC-1 in 1H 2016 increased by 59.9% to make RUB 5,817.8 mln. EBITDA increased by 12.1% to make RUB 9,282.3 mln. Net profit in the reporting period increased by 38.2% YoY to make RUB 3,772.1 mln.
To find out more about the financial performance of JSC TGC-1 in the 1H 2016, please visit the Reports section at the corporate website.