EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report/Statement PJSC Mosenergo Releases 1H 2020 IFRS Results 07-Aug-2020 / 09:43 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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. Archive at www.dgap.de |
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