TGC-1 Group IFRS Profit for 2015FY Increased by 40.4%

Consolidated TGC-1 Group revenue for 2015FY increased by 0.6% year-on-year, up to 69,424 mln RUB.

Operating expenses for the 2015FY decreased by 4.9% year-on-year, down to 59,407 mln RUB. Variable costs decreased by 2.6%, down to 37,296 mln RUB mostly on the account of fuel usage optimization and lower inefficient production.

TGC-1 operating profit grew by 54.2% year-on-year totaling 10,017 mln RUB. EBITDA amounted to 17,222 mln RUB, growing by 30.4% year-on-year.