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8 800 220-0-220 Contact CenterNet profit of PJSC “MOESK” for the first half-year of 2015 according to RAS accounts was RUR 3.2 bln.
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24.07.2015
PJSC “MOESK” declares its financial results for the first half-year of 2015 according to RAS accounts: the Company’s revenue has reached RUR 60.5 bln, costs are RUR 53.0 bln, net profit is RUR 3.2 bln.
According to the results of the first half-year of 2015 the revenue of PJSC “MOESK” is RUR 60.5 bln, including the revenue from the electric power transmission which was RUR 55.9 mln in the reporting period.Such increase of the revenue from the electric power transmission is accounted for by the increase of the weighted average tariff for the electric power transmission as compared to the similar period in 2014.
The revenue from technological connection has amounted to RUR 4.1 bln.Such increase as compared to the similar period of the previous year is accounted for by drawing up of acts under the contracts for technological connection to be closed in the following periods.
The costs have amounted to RUR 53.0 bln, including the electric power transmission costs in the amount of RUR 52.4 bln, the technological connection costs in the amount of RUR 0.4 bln.Such increase of costs in the first half-year of 2015 as compared to the similar period of the previous year (+1.1 %) is accounted for to a greater degree by the increase of depreciation (+12.1 %) in connection with the investment program implemented. Excluding this article, the costs for the first half-year of 2015 has decreased as compared to the first half-year of 2014, because of the savings related to the costs for the electricity purchase for the purpose of compensation of losses, to the FGS services, to the costs of TGOs and implementation of the crisis bailout program by the Company.
Net profit received by PJSC “MOESK” for the first half-year of 2015 is RUR 3.2 bln, EBIDTA for the first half-year of 2015 is RUR 18.7 bln.
RAS-based financial results for the first half-year of 2015
| No. | Indicator name | HY1 | HY1 | Change |
| 2015 | 2014 | |||
| 1. | Total revenue, RUR mln, incl. : | 60,542 | 59,129 | 2. 40 % |
| - from power transmission, RUR mln | 55,944 | 55,831 | 0. 20 % | |
| - from technical connection, RUR mln | 4,087 | 3,017 | 35. 50 % | |
| 2. | Prime cost, RUR mn. | -53,029 | -52,452 | 1. 10 % |
| 3. | Gross profit, RUR mln | 7,513 | 6,677 | 12. 50 % |
| 4. | Gross profit margin, % | 12. 4 | 11. 3 | 1,1 percentage point |
| 5. | Other income, RUR mln | 2,102 | 2,485 | -15. 40 % |
| 6. | Other costs, RUR mln | - 2,966 | - 3,228 | - 8. 10 % |
| 7. | EBIDTA, RUR mln | 18,682 | 16,665 | 112. 11 % |
| 8. | EBITDA margin, % | 30. 9 | 28. 2 | 2. 7 percentage point |
| 9. | Net profit, RUR mn. | 3,209 | 2,612 | 22. 90 % |
| 10. | Net profit margin, % | 5. 3 | 4. 4 | 0. 9 percentage point |
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PJSC “Moscow United Electric Grid Company” (PJSC “MOESK”) is one of the largest power distribution companies in Russia.
PJSC “MOESK” provides electricity to the country’s most dynamically developed region - the Moscow Region with the population of about 17 mln people. The Company’s core activities are provision of power transmission services and technical connection of the consumers to the power grids within Moscow and the Moscow Region.
The majority share of PJSC “MOESK” (50.9 %) belongs to PJSC “Rosseti”.
PJSC “Rosseti”is the largest energy producer in Russian and in the world which ensures energy transmission and distribution.
The length of the Company’s transmission lines total to 2.3 million km, the transformer capacity of 463 thousand substations is 726 GVA. The personnel capacity of Rosseti Company Group is 213 thousand highly qualified specialists.
The Company’s assets include shares in 43 subsidiaries and affiliates, including shares in 11 interregional and 5 regional grid companies. The state that owns 61.7% share in the authorized capital is the controlling shareholder.
To fulfill the Decree of the President of the Russian Federation, in June 2013, shares in PJSC “UES FGC” owned by the Russian Federation were transferred as a contribution to the authorized capital of the company.
IR DivisionJSC “MOESK”
Phone: +7(495) 662-40-70 (ext. 41-74)
+7(495) 363-40-70 (ext. 41-74)