Publication date: 28.04.20
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Unipro Publishes RAS Accounting Statements for Q1 2020

Unipro PJSC publishes the accounting statements prepared in accordance with the Russian Accou ting Standards (RAS) for the first three months of 2020.

Unipro PJSC revenue amounted to RUB 22.2 bn. The decrease of revenue by 6.2% in Q1 2020 as compared to the exceptional figures of the same period last year was due to lower generation by the companies’ power plants and downturn in DAM prices. Please be advised that Q1 2019 was marked by an increase in electric power exports and low water in the second pricing zone, which ensured high utilization for Berezovskaya GRES and Surgutskaya GRES-2 and high DAM prices. In Q1 2020, the effect of these positive factors was not as evident, while electric power generation and prices dropped due to lower consumption resulting from unusually warm weather.

A 26.0% decrease of net profit down to RUB 4.7 bn was primarily due to the revenue reduction.

Unipro PJSC Financials for Q1 2020 (RUB‘000)

 

3M 2020

3M 2019

Change

Revenue

22,233,548

23,707,860

-6.22%

Cost of sales

(15,742,063)

(15,532,070)

1.35%

Profit before tax

5,969,262

8,024,669

-25.61%

Net profit

4,725,347

6,383,153

-25.97%