print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  TGC-1 REGISTER LOG IN

Press Releases > TGC-1  all about the company

company search
all press releases
all TGC-1 press releases

TGC-1

May 15, 2019

TGC-1 Group Profit for 1Q 2019 Increased by 5.4%

TGC-1 releases audited consolidated Financial Statements for the 3 months period, ended 31 March, 2019 prepared in accordance with International Financial Reporting Standards (IFRS).                             

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

3M 2018*

3M 2019

Revenue

28,947

31,901

Operating Expenses

(22,859)

(23,775)

Operating Profit

6,317

7,909

EBITDA**

8,241

10,313

Profit for the Year

5,676

5,980

* 3M 2018 results were restated dew to “Government subsidies” and “Income from rent” items transfer from “Other operating income” to “Revenue”

** EBITDA is calculated as Operating profit + Depreciation and Amortization.

Consolidated TGC-1 Group revenue for 3M 2019 increased by 10.2% year-on-year, up to RUB 31,901 mln. The revenue dynamics were influenced by growing day-ahead market prices and revenue from capacity sales under CDA. Comparable operating expenses grew by 4%, up to RUB 23,775 mln, mainly, on the back of increased fuel expenses.

Hence, Group’s operating profit for 3M 2019 increased by 25.2% year-on-year totaling RUB 7,909 mln. EBITDA amounted to RUB 10,313 mln, up by 251% year-on-year.

Profit grew by 5.4% year-on-year, up to RUB 5,980 mln.

Full TGC-1 and subsidiaries 3M 2019 results under IFRS are available at the corporate website in the “Reports” section.  

About

TGC-1 is the leading producer of electricity and heat in the North-West region of Russia. It operates 53 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. Installed electric capacity of the Company’s stations amounts to 6.95 GW and heating capacity of 13.75 thous. GCal/hr. Major shareholders are Gazprom Energoholding LLC (51.79 %) and Fortum Power and Heat Oy (29.45 %). Total headcount of the Company, including subsidiaries, totals circa 7 thousand.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer