TGC-1 releases 3M 2022 financial statements under the Russian
Accounting Standards (RAS).
Consolidated Statement of Comprehensive Income Highlights (RUB
mln)
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3M 2021
|
3M 2022
|
Revenue
|
31,492.1
|
33,925.7
|
Costs
|
(25,464.5)
|
(26,025.1)
|
Gross Profit
|
6,027.6
|
7,900.6
|
EBITDA*
|
7,892.6
|
10,224.1
|
Net profit
|
4,921.2
|
6,711.8
|
* EBITDA = profit before taxation – interest
receivable + interest payable – revenue from participation in other
companies + depreciation & amortization.
The Company’s revenue amounted to RUB 33 billion
925.7 million, which is 7.7% higher than for the same period of 2021.
The revenue increase resulted from growing electricity spot prices
and increased electricity and heat demand in the North-West on the
back of lower air temperature in 1Q 2022.
Production costs increased by 2.2% to RUB 26
billion 025.1 million, resulting from increased production volume.
TGC-1's gross profit increased to RUB 7 billion
900.6 million. EBITDA amounted to RUB 10 billion 224.1 million. Net
profit amounted to RUB 6 billion 711.8 million (+36.4%).
To find out more about the financial performance
of TGC-1 for the 3M 2022, please visit the Reports section
at the corporate website.
About
TGC-1 (part of the Gazprom Energoholding
Group) is a leading producer and supplier of electricity and heat in
the North-West of Russia. TGC-1 comprises 52 power plants within four
constituent entities of the Russian Federation: St. Petersburg, the
Republic of Karelia, and Leningrad and Murmansk Oblasts.
TGC-1 installed electric capacity of the Company’s
stations amounts to 6.9 GW and heating capacity of 13.5 thous.
Gcal/hr. Major shareholders are Gazprom Energoholding LLC
(51.79%) and Fortum Power and Heat Oy (29.45%).
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