OREANDA-NEWS. RAS net profit of PJSC MOESK in 2015 totalled 9.2 bln. rubles, EBITDA, 41.9 bln. rubles.

Therefore, compared to the same period in the previous year, against the background of restrictions on the tariff growth compared to the inflation growth and reduced power consumption, PJSC MOESK achieved an EBITDA operational profit growth of 13.2%, net profit growth, 12.7%.

The result was due to the successful implementation of the Program for Cost and Power Loss Reduction. In 2015, losses totalled 8.55%, in the same period of the previous year, 8.77%. Specific operational costs in 2015 totalled 15.13 thousand rub./TEU, a reduction by 3.2% compared to the same period in the previous year.

The company duly met all its bond and loan obligations; the credit portfolio as of 31.12.2015 did not exceed its figure as of the year beginning, totalling 73.4 bln. rub.

“In 2015, MOESK managed to keep up an important trend, the company’s income was growing despite the restrictions on the tariff growth and the inflationary pressure on costs,” says Aleksandr Inozemtsev, First Deputy General Director for Finance and Corporate Management of PJSC MOESK.

RAS Financial Results in 2015
position Item 2015 2014 Change
 
1. Revenue, RUB mio, incl. 129 288 125 260 3.22%
  - power transmission, RUB mio 117 683 112 509 4.60%
  - technical connection, RUB mio 10 302 11 830 -12.92%
2. Costs, RUB mio (113 648) (108 711) 4.54%
  - power transmission, RUB mio (111 834) (107 374) 4.15%
  - technical connection, RUB mio (1 199) (948) 26.48%
3. Gross profit, RUB mio 15 640 16 549 -5.49%
4. Gross profit efficiency, % 12,10 13.21 -8.40%
5. Other income, RUB mio 7 258 9 403 -22.81%
6. Other expenses, RUB mio (5 686) (11 148) -49.00%
7. EBITDA, RUB mio 41 954 37 059 13.21%
8. EBITDA profitability, % 32.5 29,6 9.80%
9. Net profit, RUB mio 9 247 8 208 12.66%
10. Net profit efficiency, % 7.15 6.55 9.16%