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8 800 220-0-220 Contact CenterNet profit of "Rosseti Moscow Region" in the 1st half of 2020 increased to 5.7 billion rubles
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28.07.2020
The income of PJSC "Rosseti Moscow Region" amounted to 78.1 billion rubles, including from the transmission of electricity - 73.5 billion rubles, from technological connection - 3.7 billion rubles. In the reporting period, the net profit amounted to 5,7 billion rubles.
For the 1st half of 2020, compared to the same period of the last year, the income of PJSC "Rosseti Moscow Region" remained at the same level.
Electricity transmission income decreased by 1.4% due to the reduction of energy consumption due to quarantine restrictions. Proceeds of technological connection activities increased by 33%.
In order to offset the negative effect of reduced electricity consumption, the Company has developed and is implementing a plan to maintain financial stability:
- operating expenses are reduced;
- debt obligations are refinanced to reduce the cost of funding;
- prioritized approach to the implementation of investment projects;
- working capital is optimized.
At the cost price, dynamics at the CPI level is provided. The cost development is mainly due to an increase in conditionally uncontrolled expenses for services of territorial network organizations based on the results of tariff and balance decisions.
Net profit for the reporting period amounted to 5.7 billion rub., which is 4.2% higher than in the first half of 2019.
| Parameter name | 1st half of 2020 | 1st half of 2019 | The change | |
|---|---|---|---|---|
| 1 | Income, million rubles, including | 78 074 | 78 086 | -0.02% |
| - from the electricity transmission | 73 452 | 74 528 | -1.4% | |
| - from technological connection | 3 660 | 2 747 | 33.2% | |
| 2 | Prime cost, million rubles, including | 69 806 | 68 067 | 2.6% |
| 3 | EBITDA, million rubles | 22 180 | 22 307 | -0.6% |
| 4 | Net profit | 5 728 | 5 497 | 4.2% |
*Data for the 1st half of 2019 are reflected in comparable terms with the report for the 1st half of 2020. The financial statements for 2020 using the retrospective translation method reflect a change in accounting policy in the income tax calculations.