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8 800 220-0-220 Contact CenterPJSC MOESK announces RAS financial results for the 1st quarter of 2018.
28.04.2018
The Company's revenue amounted to 40,8 billion rubles, including revenue from electric power transmission - 39,5 billion rubles, revenue from technical connection - 1,0 billion rubles. In the reporting period, net profit amounted to 1,9 billion rubles.
In the 1st quarter of 2018, in comparison with the previous year, the Company's revenue increased by 8.5%, including revenue for electric power transmission - by 8.9%, which is due to an increase in the average tariff for electric power transmission services and the volume of “boiler” productive supply.
The increase in cost in relation to the 1st quarter of 2017 amounted to 7.9 %, which is associated with an increase in conditionally uncontrolled expenses for neighboring Local Grid Operators services and an increase in costs for compensation of electric power losses. The increase in the above costs is due to an increase in the purchase price of electricity losses and an increase in tariffs for Local Grid Operators services of Moscow region as a result of tariff and balance decisions.
The net profit of the reporting period was 1.9 billion rubles, which is higher than the 1st quarter of 2017 by 0.3 billion rubles or by 16.5%.
RAS financial results for 2017
| Ser. No. | Indicator name | 1st quarter of 2018 | 1st quarter of 2017 | Changes |
| 1. | Revenues, million rubles, incl. | 40 795 | 37 602 | 8,5% |
| - from electric power transmission | 39 484 | 36 265 | 8,9% | |
| - from technical connection | 999 | 1 036 | -3,6% | |
| - from non-tariff activities | 312 | 301 | 3,7% | |
| 2. | Cost of revenue, million rubles | (135 892) | (124 000) | 9,6% |
| - Expenses for Local Grid Operator services, FGC UES | (61 987) | (53 352) | 16,2% | |
| - Expenses of purchased energy for loss compensation | (17 219) | (15 301) | 12,5% | |
| - Depreciation charges, taxes | (26 870) | (26 731) | 0,5% | |
| - net cost of non-tariff activities | (682) | (465) | 46,7% | |
| - other managed costs from cost of revenue | (29 571) | (28 564) | 3,5% | |
| 3. | Profit from sales, million rubles | 5 047 | 4 458 | 13,2% |
| 4. | Adjusted EBITDA, million rubles | 10 488 | 9 881 | 6,1% |
| 5. | Net profit (loss), million rubles | 1 916 | 1 644 | 16,5% |
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¹The adjusted EBITDA is provided for information purposes and is calculated as EBITDA (profit before tax, interest expense and depreciation) before the impairment of property, plant and equipment, impairment of financial investments and impairment of receivables.
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