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8 800 220-0-220 Contact CenterAccording to RAS accounts the net profit of JSC “MOESK” for the 1st quarter of 2015 made up RUR 2.4 bln.
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06.05.2015
PJSC “MOESK” declares its financial results for the 1st quarter of 2015 according to RAS accounts: the Company’s proceeds have reached RUR 31.7 bln, costs are RUR 27.1 bln, net profit is RUR 2.4 bln.
According to the results of the 1st quarter of 2015 the proceeds of JSC "MOESK" are RUR 31.7 bln, including the proceeds from electric power transmission which made up RUR 29.6 bln in the reporting period.Such decrease in the proceeds from electric power transmission, as compared to similar indicator for 2014, is accounted for by the decrease in the electric power consumption in the current macroeconomic situation. Though JSC "MOESK" has received less proceeds from electric power transmission than it was expected due to the reduced "Joint Operations” productive supply in the 1st quarter of 2015 as compared to the 1st quarter of 2014, its own proceeds from electric power transmission (excluding "Joint Operations” productive supply, i.e. excluding the volume relating to the 2nd level TGO) have increased by 1.3 %.
The proceeds from the technological connection have made up RUR 1.9 bln, which corresponds to the level of the similar period of las year.
The costs were RUR 27.1 bln, including the prime cost of electric power transmission in the amount of RUR 26.8 bln, the prime cost of technological connection in the amount of RUR 0.2 bln.Such increase of costs in the 1st quarter of 2015 as compared to the similar period of the previous year (+ 0.4 %) is accounted for to a greater degree by the increase of depreciation (+ 13.9 %). Excluding this article, the costs for the 1st quarter of 2015 have decreased as compared to the 1st quarter of 2014, because of the savings related to the costs for the electricity purchase for the purpose of compensation of losses, to the costs of TGOs and implementation of the crisis bailout program by the Company.
In the 1st quarter of 2015 JSC "MOESK" received the net profit in the amount of RUR 2.4 bln, EBIDTA for the 1st quarter of 2015 was RUR 10.4 bln.
RAS-based financial results for the 1st quarter of 2015
| No. | Indicator name |
1st
quarter
of 2015
| 1st
quarter of 2014 | Change |
| 1. | Joint Operations productive supply, mln kW-h | 18,855 | 19,346 | (2.5 %) |
| 2. | Proceeds, RUR mln, incl.: | 31,677 | 32,214 | (1.7 %) |
| - from power transmission, RUR mln | 29,607 | 30,127 | (1.7 %) | |
| - from technical connection, RUR mln | 1,901 | 1,969 | (3.5 %) | |
| 3. | Own proceeds from the electric power transmission (excluding the Joint Operations productive supply), RUR bln | 22,498 | 22,206 | 1.3 % |
| 4. | Total cost, RUR mln, including: | (27,091) | (26,994) | 0.4 % |
| - depreciation, RUR mln | 6,089 | 5,346 | 13.9 % | |
| 5. | Gross profit, RUR mln | 4,587 | 5,220 | (12.1 %) |
| 6. | Gross profit margin, % | 14.5 | 16.2 | (1.7 percentage point) |
| 7. | Other income, RUR mln | 720 | 1,395 | (48.4 %) |
| 8. | Other costs, RUR mln | (1,025) | (1,074) | (4.6 %) |
| 9. | EBITDA, RUR mln | 10,370 | 10,887 | (4.7 %) |
| 10. | EBITDA margin, % | 32.7 | 33.8 | (1.1 percentage point) |
| 11. | Net profit, RUR mln | 2,361 | 3,415 | (30.9 %) |
| 12. | Net profit margin, % | 7.5 | 10.6 | (3.1 percentage point) |