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

June 4, 2012

JSC TGC-1: 1Q 2012 IFRS Results

JSC TGC-1 releases its interim abbreviated unaudited consolidated Financial Statements for the 3 months period ended March 31, 2012 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Figures (mn RUR)

1Q 2011

1Q 2012

Revenue

21,041

19,808

Operating expenses

(15,942)

(16,016)

Operating profit

5,099

3,793

EBITDA*

6,124

5,153

Profit

4,639

2,745

 * For business planning purposes EBITDA is calculated as Operating profit + Depreciation of PP&E and intangible assets.

In the 1Q 2012 the consolidated revenue of JSC TGC-1 amounted to RUR 19,808 mn (–6% year-on-year). The decrease was due to decline of electricity prices on the day-ahead market and the status of “forced generation” from eight power plans of the Company withdrawal in 2012 which resulted to decline of power and electricity sales prices for the plants. Company revenue was also under effect of increase of average air temperatures in the 1Q 2012 resulted to a decrease of heat output and a decrease of heat sales by 6%.

In the 1Q 2012 operating expenses amounted to RUR 16,016 mn and nearly remained unchanged year-on-year (+0.5%). Operating profit for the 1Q 2012 decreased by 26% year-on-year, to RUR 3,793 mn, EBITDA — by 16%, to RUR 5,153 mn.

According to the financial statements under IFRS for the 3 months ended March 31, 2012, profit decreased by 41% and amounted to RUR 2,745 mn.

Full JSC “TGC-1” 1Q 2012 results under IFRS can be found on the corporate website in the “Reports” section. 

 

 

 

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 H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer