07 Июня 2020 | воскресенье | 12:47

Unipro Group Publishes IFRS Results for Q1 2019

Мая 07, 2019

Unipro Group publishes its unaudited financial results for first three months of 2019 in accordance with International Financial Reporting Standards (IFRS).

The Unipro Group’s revenue in Q1 of this year have seen a consistent improvement and reached RUB 23.7 bn (+13.3% compared to the same period of 2018) following positive dynamics of Q4 2018.

These positive financial results were driven by the following factors:

- day ahead market price growth followed by gas prices indexation in August 2018, energy consumption growth, decrease of  transmission restraints in Urals, and absence of the electricity import from Kazakhstan:

- increase in power generation at Surgutskaya GRES-2 thanks to demand rise and full operational performance of the Power Unit 7 (CCGT-400) that was under its major overhaul over February–March last year; and at Berezovskaya GRES resulted by a higher load factor from the System Operator.

EBITDA grew to RUB RUB 9.1 bn in Q1 2019 (+18.4% compared to Q1 2018).

The underlying net profit over January – March 2019 increased by 22.5%, and reached RUB 6.2 bn.

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