In 2014, total company revenue was RUB 65,172.9 mln, a decrease of 3.4 % against the same figure in 2013, which was caused by general decline in electricity consumption and low water levels during 1th-3rd Quarters 2014.
The cost of sales dropped 2.6% to RUB 59,445.1 mln, which resulted from reduction of electricity and heat output, and enhancement of production capacities in favour of new and more efficient ones. Full-Year 2014 output of the new power-generating units increased 6.2 % to 6,684 mln kWh.
The TGC-1 gross profit fell 10.7 % to RUB 5,727.9 mln in 2014 as a result of a decreasing demand for electricity in the day-ahead market and reduced heat consumption in 1st Quarter 2014. EBITDA was down 4.5 %.
Full-Year 2014 net profit grew 8 % against last year’s figure and totalled RUB 3,475.1 mln due to reduction of inefficient power generation, sale of non-core assets and a decrease of income tax rate to 17.2 %.
См. также:
Первая российская сеть, вошедшая в Forum of Firms
Укрывные сварочные конструкции