Publication date: 24.04.18
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Unipro Publishes RAS Accounting Statements for Q1 2018

Unipro PJSC publishes the accounting statements prepared in accordance with the Russian Accounting Standards (RAS) for January–March 2018.

Following the results of Q1 2018, the revenue of Unipro PJSC totalled RUB 21.3 billion
(+0.5 % as compared with the figures of 2017).

Net profit in Q1 2018 increased by 7.6 % as compared with the previous year and amounted to RUB 5.3 billion.

Stronger performance in the reference period was due to the receipt of revenue under CSA agreements for CCGT power units at Surgutskaya GRES-2 because of revision of the CSA prices starting from Q2 2017. At the same time, electricity sales revenue in Q1 of the current year decreased as compared with the same period of 2017. This is due to the reduction in generation caused by the generating equipment downtime in cold reserve in accordance with the System Operator’s scheduling and general inspection of Power Unit No. 7 of Surgutskaya GRES-2 CCGT.

Unipro PJSC financial results for 3 months of 2018 (RUB thous.)

 

3 months 2018

3 months 2017

Dynamics

Revenue

21,286,475

21,180,483

0.5 %

Cost of sales

14,617,185

14,567,374

0.3 %

Profit before tax

6,578,734

6,019,638

9.3 %

Net profit

5,313, 245

4,940,177

7.6 %