29.04.2021

Today PJSC "Rosseti Moscow Region" published its financial statements for the 1st quarter of 2021, prepared in accordance with Russian accounting standards.

Key financial indicators


Ser. No. Indicator name the 1st quarter of 2021 the 1st quarter of 2020 The change,%
1 Revenue 48,325 42,011 15.0
- from electric power transmission 45,827 40,031 14.5
- from technical connection 1,754,175 1,601 9.6
- from other activities. 744 379 96.3
2 Prime cost 40,229 36,332 10.7
3 EBITDA 14,857 13,273 11.9
4 Net profit 6,450 4,592 40.5
5 Loans and credits 77,619 88,588 -12.4
6 Net debt 75,140 81,481 -7.8

According to the results of work in the 1st quarter of this year, the company received a net profit of 6.5 billion rubles, which exceeds the level of net profit for the same period in 2020 by 40.5%.

The company's revenue amounted to 48.3 billion rubles, which is 15% higher than the same indicator for the previous year. The key factor that had a positive impact on revenue was the growth of energy consumption in the Moscow region.

The dynamics of the cost price in the reporting period was mainly due to an increase in expenses for the services of territorial grid organizations due to an increase in energy consumption. Excluding this factor, the increase in operating expenses was below the CPI level. This was made possible by the company's ongoing program of measures to improve operational efficiency and control costs.

Also in the 1st quarter of 2021, a reduction in the volume of the debt portfolio was achieved, the proactive management of which allowed to reduce interest expenses by 393.2 million rubles compared to the same period in 2020.