E.ON Russia publishes its financial statements for the first three months of 2016, prepared in accordance with the Russian Accounting Standards (RAS).
The company's revenue for the period between January and March 2016 increased by 18.1% compared to the same period of 2015 and reached RUB 23.2 bn.
The factors that have positively influenced the company's revenue growth compared to 2015 are as follows:
- Operation of power unit 4 at Surgutskaya GRES- 2; which was under repair during the same period in 2015; and
- Payments received for the capacity supplied under Capacity Supply Agreements for power unit 3 at Berezovskaya GRES before February 01, 2016.
Net income for the reporting period is RUB 2.9 bn (34.0% as compared with 2014).
Financial results of E.ON Russia for three months of 2016 (RUB ths):
The boiler room of power unit 3 at Berezovskaya GRES caught fire on February 01, 2016. The fire caused significant damage to equipment. Complex reconstruction is required. Unit 3 was put under unscheduled repairs. Outcomes of the accident will be reflected in the next reporting periods.