1Q 2017 revenues totaled RUB 18,682.3 million (+RUB 2,081.3 million or 12.5%YoY), the increase being impacted by revenues from electricity transmission.
1Q 2017 expenses (plus administrative costs) amounted to RUB 16,873.4 million (+ RUB 981.2 million or 6.2% YoY), the rise being affected by expenses on loss compensations due to grown average non-regulated price as well increased payments to FSK and other grid operators.
Pre-tax profit totaled RUB 1,206.6 million (+ RUB 284.1 million YoY).
1Q 2017 net income of the Company reached RUB 939.7 million (+ RUB 204.3 million YoY), the rise influenced by increased revenues from electricity transmission.
Table 1. 1Q 2016 and 2017 highlights of the Company, RUB thousand.
Item | 1Q 2017 | 1Q 2016 |
Total revenues | 18,682,341 | 16,601,069 |
Total expenses (plus administrative costs) | 16,873,373 | 15,892,135 |
Sales profit | 1,808,968 | 708,934 |
Operating margin | 9.7% | 4.3% |
Pre-tax profit | 1,206,557 | 922,423 |
Net income | 939,678 | 735,404 |
Net margin | 5.0% | 4.4% |
To view 1Q 2017 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site (Financial Statements section).
2016 IFRS results
2016 RAS results
Resolutions of the Board meeting conducted on Dec. 29, 2016
9M 2016 RAS results
Resolutions of the Board meeting conducted on Sep. 28, 2016
IDGC of Urals OJSC published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 April 2017 05:49:22 UTC.
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